Aug 07, 2025 (Baystreet.ca via COMTEX) --
Consumer electronics giant Apple (AAPL) has announced that it will spend $100 billion U.S. on American companies and suppliers over the next four years.
Apple's Chief Executive Officer (CEO) Tim Cook made the announcement at the White House alongside U.S. President Donald Trump.
Cook said the investment will incentivize overseas companies to buy more U.S.-made parts. The commitment is on top of a $500 billion U.S. investment Apple made in February of this year.
"This is the largest investment Apple has ever made in America and anywhere else," said President Trump, who has criticized Apple over the company's China-based manufacturing.
Trump said that he expects Apple to build new U.S. factories in coming years based on his administration's policies.
Apple said it has created the "American Manufacturing Program" that includes other U.S. companies that help manufacture its devices, such as Corning (GLW), Coherent (COHR), Applied Materials (AMAT), and Texas Instruments (TXN).
Cook said Apple plans to spend $2.5 billion U.S. to fund a major expansion with Corning, which makes glass for iPhones in Kentucky.
Going forward, all glass used in iPhones and Apple Watches will be manufactured in the U.S. at Corning's facility, said the company's CEO.
Apple also said it has struck a multiyear supply agreement with Coherent to produce lasers for the iPhone's facial recognition system.
Cook added that Apple's U.S.-based supply chain would produce more than 19 billion microchips for its products this year.
Lastly, Apple said it was expanding its existing data centres in states such as North Carolina, Iowa, Nevada and Oregon.
The iPhone maker said its goal is to have an "end-to-end" supply chain, which means that every part of the chipmaking process can take place within the U.S.
President Trump has called on Apple to make all of its products in America, something analysts say would not be economically feasible for the company due to the high costs.
AAPL stock has declined 13% this year to trade at $213.28 U.S. per share.
COMTEX_467856990/2559/2025-08-07T10:27:50
