Apple details $100 billion U.S. spending expansion

apple CEO Tim Cook and President Donald Trump announced on Wednesday that the iPhone will spend an additional 100 billion dollars on American companies and suppliers over the next four years.

The company said that its investments will motivate external companies to buy more spare parts in the United States. Commitment in addition to an announcement of $ 500 billion issued by Apple in February.

“This is the largest investment that has ever made in America and anywhere else,” Trump said. “As you know, Apple was an investor in other countries a little, and I will not say any of them, but a couple, and they returned home.”

Trump said he expected to build new American factories soon based on his policies.

“There are many factories and a lot of plants that are either under construction or soon we will start construction,” Trump said. “So I can’t tell you exactly when, but I want to be about a year from now.”

Apple said on Wednesday that it had created the so -called American manufacturing program that includes Corningand coherentGlobalwafers, Applied materialsand Texas toolsSamsung, Globalfoundriesand amkor and Broadcom.

Company He said It will spend $ 2.5 billion to finance a great expansion with Corning, making the glass for iPhone devices in Kentucky. Apple said that all the glass of iPhone and Apple Watches will be manufactured in the United States at the Corning facility.

At the White House, Cook Trump presented a souvenir on the basis of Cornens.

Apple also said it has a multi -year supply agreement with the cohesion of laser production for the iPhone’s face recognition system.

The company said that the US -based supply chain will produce more than 19 billion chips for its products this year. This is including the chips made by TSMC in Arizona. It also includes US foil from Globalwafers and Texas Instruments.

Apple said it will cooperate with Texas Instruments to install additional tools in the states of Utah and Texas. Globalfoundries, a US -based Mabech, will manufacture older chips, especially for the United States government, to manufacture wireless charging technology in New York.

The iPhone maker said its goal is to get the supply chain “end to end”, which means that every part of the chip industry can occur on the American soil.

Earlier this year, Apple said it would invest $ 500 million in rare land mines And it will build the servers of Amnesty International at a factory in Texas.

“Oh, I would like to do this,” Trump said after reading the Apple ads list.

“President Trump has shared some kind words about this work, but he also asked us to think about what we could adhere to,” Cook said about Apple’s initial commitment of $ 500 billion. “Mr. President, we took this challenge seriously.”

Trump criticized Apple and cooks for not making smartphones in the United States, a step that has never indicated that it is likely to take it. Experts say that the transfer of complex electronics production and a large size like iPhone to the United States It is not economically possible and can take years.

When asked about the possibility of making iPhone in the United States on Wednesday, Cook said that many parts inside the device were made in the United States

“If you look at the bulk of that, we are doing a lot of semiconductors here, we are doing the glass here, we will unit the face identification here.”

Apple has provided similar ads in the past. In 2018, under pressure during the first Trump administration, Apple committed To spend $ 350 billion in the United States over five years, or about 70 billion dollars per year. In 2021, Apple Declare It plans to spend $ 430 billion over a period of five years, or 86 billion dollars annually in the US declaration on Wednesday, as the company reached 600 billion dollars over a period of four years, or 125 billion dollars annually.

Many have been affected by the company Apple, although the company does not report its spending in the United States on an annual basis, and the suppliers generally do not publish the amount of revenues that come from Apple.

The company also faces an increase in definitions that can harm its profits. It is currently paying the definitions placed on Chinese imports earlier this year, and it faces increasing import taxes on semiconductors when the Trump administration finishes achieving the so -called Article 232.

Apple said in May that the majority of phones that are sold in the United States were assembled in India to avoid Chinese definitions, and although customs tariffs on India reaches 25 %, the White House sources for CNBC that the iPhone will not “not greatly affected” by India’s definitions. Apple said the definitions may cost the company $ 1.1 billion in the current quarter.

In 2017, Apple announced that it is creating a billion dollar manufacturing fund, which will go towards future purchasing obligations with American suppliers. Apple raised this to $ 10 billion earlier this year. Corning, one of the participants in Wednesday’s advertisement, previously obtained two general Obligations From Apple Manufacturing Fund.

In 2021, Apple said that its spending in the United States was exceeding its first declaration of 2018. In its initial announcement, the company said it would spend $ 10 billion on databases in North Carolina, Oregon, Nevada, Arizona and Iowa. Apple runs data centers in all of these states today.

Apple said on Wednesday that it will expand data centers in North Carolina, Iowa, Nevada and Oregon.

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