Apple announces $100bn investment in US manufacturing

'Companies like Apple, they’re coming home. They’re all coming home,' says Donald Trump
An undated image. — Depositphotos
An undated image. — Depositphotos

In what seems to be a move pulled by the iPhone maker to evade tariffs on iPhones, Apple has announced to invest an additional $100 billion in the US manufacturing, as announced by US President Donald Trump.

Apple's latest investment takes its total investment commitment in the US to $600bn for domestic manufacturing.

Earlier this year, the Cupertino-based tech giant announced plans to roll out $500bn investment and hire 20,000 workers across the country as part of its four-year investment plan.

The investment will primarily be allocated to expanding Apple’s supply chain and advancing manufacturing presence in the US. However, the country still falls short of Trump’s demand for Apple to start manufacturing iPhones domestically.

“Companies like Apple, they’re coming home. They’re all coming home,” Trump told reporters in the Oval Office after Apple CEO Tim Cook bestowed on him a US-made souvenir featuring a 24-karat gold base.

“This is a significant step toward ensuring that iPhones sold in America are also made in America,” he added.

When asked about the possibility of entire iPhone production happening in the US, Cook noted that many components, such as semiconductors and Face ID modules, are produced domestically, but final assembly will remain overseas “for a while.”

In spite of the substantial investment pledge, analysts believe that these figures align with Apple’s typical spending patterns and underline commitments made during both the Biden administration and Trump’s previous term.