{"id":34947,"date":"2025-08-06T15:17:18","date_gmt":"2025-08-06T15:17:18","guid":{"rendered":"https:\/\/financialrush.com\/?p=34947"},"modified":"2025-08-06T15:17:18","modified_gmt":"2025-08-06T15:17:18","slug":"apple-set-to-boost-us-investment-plans-by-100bn-says-white-house","status":"publish","type":"post","link":"https:\/\/financialrush.com\/?p=34947","title":{"rendered":"Apple set to boost US investment plans by $100bn, says White House"},"content":{"rendered":"<p> \n<\/p>\n<div>\n<p>Unlock the White House Watch newsletter for free<\/p>\n<p class=\"article__content-sign-up-topic-description o3-type-body-base\">Your guide to what Trump\u2019s second term means for Washington, business and the world<\/p>\n<p><iframe class=\"article__content-sign-up-iframe close\" scrolling=\"no\" id=\"signUpIframe\" data-prev-url=\"\/register\/in-article-sign-up?ft-content-uuid=4273254b-6e1f-4cb1-bca7-19c7389c719a&amp;newsletter-id=65b8fec772badb00166eafc6\"><\/iframe><\/div>\n<div id=\"article-body\">\n<p>Apple is preparing to add a further $100bn to its US investment plans as chief executive Tim Cook strives to insulate the iPhone maker from Donald Trump\u2019s trade war.<\/p>\n<p>White House officials said that the Silicon Valley giant\u2019s expanded $600bn spending commitment would be announced later on Wednesday, including a new \u201cAmerican manufacturing programme\u201d to produce more of its devices and components in the US. <\/p>\n<p>The pledge comes as a new wave of the US president\u2019s planned <a href=\"https:\/\/www.ft.com\/trump-tariffs\" data-trackable=\"link\">tariffs<\/a> is set to come into force on Thursday. <\/p>\n<p>\u201cPresident Trump\u2019s America First economic agenda has secured trillions of dollars in investments that support American jobs and bolster American businesses,\u201d said Taylor Rogers, the White House press secretary. \u201cToday\u2019s announcement with Apple is another win for our manufacturing industry that will simultaneously help reshore the production of critical components to protect America\u2019s economic and national security.\u201d<\/p>\n<p>On the company\u2019s <a href=\"https:\/\/www.ft.com\/content\/12ac8b9a-9e77-431e-8b4b-9b19eb24d7b3\" data-trackable=\"link\">earnings call<\/a> last week, Cook said that the \u201cvast majority\u201d of Apple\u2019s products were covered by the US administration\u2019s ongoing Section 232 investigation into potential tariffs on chips and the products that contain them. The results of that investigation are expected soon.<\/p>\n<p>Apple did not immediately respond to a request for comment. Its shares were up nearly 4 per cent on Wednesday morning following the news.<\/p>\n<p>In February, Apple said it planned to hire an additional 20,000 staff in the US over the next four years, as part of a\u00a0<a href=\"https:\/\/www.ft.com\/content\/833efdde-a4da-4349-92f8-b09a1d0f69ae\" data-trackable=\"link\">$500bn investment<\/a> in the country during Trump\u2019s second term in office.<\/p>\n<p>That figure included Apple\u2019s day-to-day spending on US suppliers, data centres and corporate facilities, as well as new initiatives such as a manufacturing facility in Houston to build servers for <a href=\"https:\/\/www.ft.com\/artificial-intelligence\" data-trackable=\"link\">artificial intelligence<\/a>. In 2018, during Trump\u2019s first term, Apple had pledged to make a $350bn \u201cdirect contribution\u201d to the US economy.<\/p>\n<p>In July it further announced a $500mn commitment to building US rare earth magnets <a href=\"https:\/\/www.ft.com\/content\/79b1693a-0788-4dc6-b431-027695534c62\" data-trackable=\"link\">with MP Materials<\/a>, as part of the same investment plan.<\/p>\n<p>Among US Big Tech companies, Apple is especially exposed to the Trump administration\u2019s trade policies. Its efforts to diversify its production away from China to India have angered Trump, who has <a href=\"https:\/\/www.ft.com\/content\/8fba8280-7f8a-4040-96cc-05866f7fd617\" data-trackable=\"link\">threatened Apple with extra tariffs<\/a> unless it moves iPhone manufacturing to the US. <\/p>\n<p>But <a href=\"https:\/\/ig.ft.com\/us-iphone\/\" data-trackable=\"link\">supply chain experts<\/a> have said the US, which hasn\u2019t produced smartphones in any meaningful volumes for more than a decade, lacks the manufacturing expertise to assemble a device as sophisticated as an iPhone.<\/p>\n<aside aria-labelledby=\"aside-label\" class=\"n-content-recommended--single-story n-content-recommended--inset\" data-component=\"recommended\">\n<p class=\"n-content-recommended__title o3-type-body-highlight\">Recommended<\/p>\n<div class=\"o-teaser o-teaser--article o-teaser--small o-teaser--stacked o-teaser--has-image o-teaser--opinion js-teaser\" data-id=\"d838a139-3f46-4570-b84f-a88dbb451ca5\">\n<div class=\"o-teaser__image-container js-teaser-image-container\"><a href=\"https:\/\/www.ft.com\/content\/d838a139-3f46-4570-b84f-a88dbb451ca5\" data-trackable=\"image-link\" data-trackable-context-story-link=\"image-link\" tabindex=\"-1\" aria-hidden=\"true\"><\/p>\n<div class=\"o-teaser__image-placeholder\" style=\"aspect-ratio:2289\/1287\"><\/div>\n<p><\/a><\/div>\n<\/div>\n<\/aside>\n<p>Moving production of its products to the US will eat into Apple\u2019s margins, which are kept high thanks to its deeply rooted supply chains in Asia.<\/p>\n<p>Apple has warned of $1.1bn in tariff-related costs in the quarter to September, assuming the current tariff rates do not change. At the same time, Apple\u2019s sales in its most recent quarter were boosted by US consumers trying to get ahead of the new levies, which could lead to price increases for Apple\u2019s products.<\/p>\n<p>Hundreds of billions of dollars have been wiped from Apple\u2019s market capitalisation since Trump\u2019s \u201cliberation day\u201d announcements in April, amid wider concerns that the iPhone maker is falling behind in AI.<\/p>\n<\/div>\n\n<br \/><a href=\"https:\/\/www.ft.com\/content\/4273254b-6e1f-4cb1-bca7-19c7389c719a\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Unlock the White House Watch newsletter for free Your guide to what Trump\u2019s second term means for Washington,&hellip;\n","protected":false},"author":5,"featured_media":34948,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23],"tags":[],"class_list":["post-34947","post","type-post","status-publish","format-standard","has-post-thumbnail","category-us","cs-entry","cs-video-wrap"],"_links":{"self":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts\/34947","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=34947"}],"version-history":[{"count":0,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts\/34947\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/media\/34948"}],"wp:attachment":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=34947"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=34947"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=34947"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}