Apple announces additional $100 billion in US investment, following Trump iPhone tariff threat

Apple (AAPL) revealed plans to invest an additional $100 billion in US manufacturing commitments during a press event at the White House with President Trump on Wednesday.

The move follows Apple’s prior $500 billion investment in US spending, which includes working with partners to build an AI server plant in Texas.

Apple says that the $100 billion announcement includes its new American Manufacturing Program (AMP), which the company says will incentivize global companies to build critical components in the US.

The tech giant says its first AMP partners will include Corning, Coherent, GlobalWafers America, Applied Materials, Texas Instruments, Samsung, GlobalFoundries, Amkor, and Broadcom.

“I love that you’re doing this. I love that,” Trump during the announcement, later adding, “We’ve got the hottest country anywhere in the world.”

During the briefing, Cook presented Trump with a disc made of Corning glass a top of a gold stand made by a former US marine who is now an Apple employee.

As part of the investment, Apple is making a $2.5 billion commitment to produce all of the cover glass for its iPhones and Apple Watches at Corning’s Harrodsburg, Kentucky, manufacturing facility. The two companies will also work to open an Apple-Corning Innovation Center at the plant to help develop and engineer materials and next-generation manufacturing platforms for future Apple products.

Apple also says it has entered into a multi-year agreement with Coherent to produce lasers for its Face ID feature for the iPhone and iPad.

The company is also touting what is says is a end-to-end American silicon supply chain, which includes sourcing silicon wafers from GlobalWafers in Sherman, Texas, for use in American chip factories, working with Applied Materials to increase production of semiconductor manufacturing technologies, and getting semiconductors from Texas Instruments.

Apple is further teaming up with Samsung to work on new chip making technologies at its plant in Austin, Texas, as well as with GlobalFoundries and Amkor for bring more chip manufacturing and packaging to the US, respectively.

Apple’s news comes after the Trump administration began pressuring the tech giant to manufacture its iPhone in the US, going so far as to threaten to impose a 25% tariff on the devices if the company didn’t comply.

Apple’s announcement also comes as the company prepares for a new 25% tariff on goods destined for the US from India. That’s in addition to an existing 25% levy Trump previously said he would apply to the country’s products.