Associated Press, by Josh Boak
WASHINGTON (AP) — President Donald Trump on Wednesday is expected to celebrate Apple’s commitment to increasing US investment by another $100 billion in the next four years at the White House.
“Today’s announcement with Apple is another victory for the manufacturing industry at the same time as reswimming the production of critical components to protect America’s economic and national security,” said White House spokesman Taylor Rogers.
Apple previously said it was intended to invest $500 billion domestically, but now it will increase to $600 billion. In recent months, Trump has criticized the tech company and its CEO Tim Cook for his efforts to move iPhone production to India to avoid tariffs the Republican administration had planned on China.
While in Qatar earlier this year, Trump said there was a “little problem” with Apple, recalling a conversation with Cook and told the CEO, “I don’t want you to build in India.”
India suffered Trump’s rage. This is because the president ordered on Wednesday to impose an additional 25% tariff on the world’s most populous country to use Russian oil. The new import tax, which is imposed over 21 days, could bring the total duties on Indian goods to 50%.
As part of Apple’s announcement, the investment is to bring more supply chains and advanced manufacturing into the US
Apple’s new pledge comes just weeks after it has built a $500 million contract with MP Material, the country’s only rare earth producer. With this agreement, MP Materials can expand its Texas factory and use recycled materials to produce magnets that vibrate the iPhone.
On a recent investor call, Cook emphasized that “there are a lot of different things in the US.” For example, he cited some of the iPhone components made in the US, such as glass displays and modules on devices to identify people’s faces, and showed that he was preparing to expand production of other components in his country.
“We’re doing more in this country, and we’re doing more in addition to having about 19 billion chips coming out of the US now,” Cook refuses to elaborate last week.
Cupertino, California-based Apple Inc. declined to comment immediately Wednesday.
News of Apple’s latest investment in the US caused the company’s shares to surge nearly 6% in noon trading on Wednesday. Nancy Tengler, CEO of Money Manager Laffer Tengler Investments, which owns Apple’s shares, said the profits reflect the relief of investors who say Cook is “expanding the olive branch” to the Trump administration.
Despite Wednesday’s promotion, Apple’s stock has fallen 14% this year. This is a reversal of good fortune, driven by the company’s failed start in the key areas of artificial intelligence.
Bloomberg News was the first to report announcing Apple’s additional investment commitments.
Original issue: August 6, 2025, 10:52am EDT
