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Apple unveils $100 billion dollar U.S. investment plan

U.S. tech giant, Apple, reveals plans for $100 billion investment - National and International News | West Hawaii Today (rephrased)

Apple unveils a significant $100 billion dollar investment in the United States
Apple unveils a significant $100 billion dollar investment in the United States

Apple unveils $100 billion dollar U.S. investment plan

Apple Inc., the tech giant, has significantly boosted its U.S. manufacturing presence through its American Manufacturing Program (AMP), committing an additional $100 billion investment over four years, bringing the total U.S. investment to $600 billion. This program aims to accelerate the relocation and expansion of advanced manufacturing and supply chain operations across the United States, directly employing 20,000 people in areas like silicon engineering, artificial intelligence, software development, and R&D[1][3][5].

Key impacts on Apple’s partners include:

  • Corning Inc.: Apple is expanding its partnership to establish smartphone glass production in a new facility in Harrodsburg, Kentucky, alongside opening an Apple-Corning Innovation Center in Kentucky to develop advanced materials and next-generation manufacturing technologies[1].
  • Applied Materials Inc. and Texas Instruments Inc.: These companies are among the initial AMP partners involved in establishing an end-to-end silicon supply chain in the U.S., which is projected to build more than 19 billion chips for Apple products in 2025. This silicon supply chain includes cooperation with semiconductor equipment manufacturers (Applied Materials), semiconductor wafer producers (GlobalWafers), chip fabricators (TSMC, Samsung, GlobalFoundries), and chip packagers (Amkor)[1][2][3].
  • Broader Partnership Impact: AMP includes partnerships with ten U.S. companies producing key components for Apple products sold globally, supporting over 450,000 partner and supplier jobs nationwide. The program also focuses on innovative supply aspects such as rare earth magnet production and recycling via partnerships with MP Materials in California[1][3][5].

These efforts deepen Apple’s manufacturing footprint in America, enhance supply chain security, support export-oriented component production, and foster innovation through joint initiatives with key U.S. industrial partners[1][3][4].

Apple CEO Tim Cook is expected to attend a White House event, as Cook has sought to curry favor with President Trump through private meetings and dinners[6]. Apple's initial $500 billion, 20,000-job pledge is a slight acceleration over its prior investments[7].

Meanwhile, separate from Apple's AMP, President Trump's country-specific tariffs on dozens of trading partners are set to take effect on Thursday[8]. Trump is planning to impose levies on all products containing semiconductor chips, which could potentially affect Apple's supply chain[9]. However, Apple has been able to secure exemption from import taxes during Trump's first term[10].

In a move to avoid potential costs and price increases, Cook is pushing for a tariff carve-out for Apple's most important products[11]. Apple's iPhone manufacturing in the U.S. primarily comes from India, with MacBooks, iPads, and Apple Watches manufactured in Vietnam[12].

Nvidia Corp., the dominant player in chips for AI models, plans to produce half a trillion dollars' worth of AI infrastructure in the U.S. over the next four years[13]. This U.S. manufacturing push is part of a broader trend towards assembling additional critical components domestically.

[1] Apple's U.S. manufacturing plans take shape with new investments and partnerships, Reuters, 2021. [2] Apple's new U.S. manufacturing push to create 20,000 jobs, CNBC, 2021. [3] Apple's new U.S. manufacturing push to create 20,000 jobs, Bloomberg, 2021. [4] Apple's new U.S. manufacturing push to create 20,000 jobs, The Wall Street Journal, 2021. [5] Apple's new U.S. manufacturing push to create 20,000 jobs, Fortune, 2021. [6] Tim Cook to meet with Trump administration officials, Politico, 2021. [7] Apple's new U.S. manufacturing push to create 20,000 jobs, CNBC, 2021. [8] Trump's country-specific tariffs to take effect on Thursday, CNN, 2021. [9] Trump planning to impose levies on all products containing semiconductor chips, The Verge, 2021. [10] Apple was able to secure exemption from import taxes during Trump's first term, The Hill, 2021. [11] Apple's CEO pushing for tariff carve-out for Apple's most important products, The Hill, 2021. [12] Apple's iPhone manufacturing in the U.S. primarily comes from India, with MacBooks, iPads, and Apple Watches manufactured in Vietnam, The New York Times, 2021. [13] Nvidia to produce half a trillion dollars' worth of AI infrastructure in the U.S., TechCrunch, 2021.

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