President Trump announced Wednesday an agreement by Apple to make its largest U.S. investment ever, spending an additional $100 billion over the next four years.
The investment is expected to create over 20,000 new jobs and significantly boost the domestic supply chain, including a new Smart Glass production line in Harrodsburg, Kentucky.
Apple will also build a server manufacturing facility in Houston, several data centers across the country and a manufacturing academy in Detroit.
Flanked in the Oval Office by Apple CEO Tim Cook, Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick, Mr. Trump touted his administration’s policies, including tax incentives and deregulation, for attracting these investments, which come on top of already-planned $500 billion Apple investment.
Mr. Trump said Apple “is coming home. $600 billion, it’s the biggest there is. The company is also unveiling its ambitious new American manufacturing program, which will bring factories and assembly lines across our country all roaring to life.”
“Areas that were not doing so well are doing very well” now, the president said. “We have about $17 trillion coming into the United States, which is more than ever before. That’s never even come close.”
Mr. Cook called Mr. Trump a “great advocate for American innovation and manufacturing” and announced that very soon, for the first time ever, “every single new iPhone and every single new Apple Watch sold anywhere in the world will contain cover glass made in Kentucky.”
According to Mr. Cook, his company will be working with its partners at Corning to build the world’s largest and most advanced smartphone glass production line.
“In addition to the American manufacturing program, we’re also significantly growing our investments in AI, including expanding data center capacity in North Carolina, in Nevada, in Iowa, in Arizona and Oregon,” he said.
Mr. Trump had recently criticized the tech giant for attempting to shift its iPhone production to India to avoid the tariffs the White House had proposed for China.
During his visit to Qatar earlier in the year, Mr. Trump recalled a conversation he had with Mr. Cook in which he said there was “a little problem” he had with Apple and he told the tech CEO, “I don’t want you building in India.”
Mr. Trump hit India with increased tariffs Wednesday over the country’s purchases of Russian oil, bringing the combined tariffs to 50%.
Mr. Trump signed an executive order calling for a 25% increase against India as a “secondary” tariff on Russia. It will go into effect 21 days after the signing.
The initial 25% tariff on India, announced last week, will go into effect Thursday.
As part of the Apple commitment, the investments will include bringing in more of its supply chain and advanced manufacturing to the U.S.
The company’s new agreement happened in the wake of a $500 million deal with MP Materials, which operates the only U.S. rare earths mine, and will enable the company to build a factory in Fort Worth, Texas, to use recycled materials to create the magnets that make iPhones vibrate.
