by Washington – President Trump and Apple announced a new $ 100 billion obligation by Apple to stimulate production in the US
“Today, Apple announces that it will invest $ 600 billion in the coming four years … in the US,” said Mr Trump on Wednesday afternoon. “That is $ 100 billion more than they originally invested. And this is the largest investment that Apple has ever made in America.”
He said that the investment would create 20,000 new jobs at Apple and said that the tech giant was planning to build a smart glass production line in Kentucky.
Mr Trump called the investment “an important step towards the ultimate goal of ensuring that iPhones sold in the United States of America are also made in America.” He said that the Apple would also build a server production facility in Houston, invests billions in building data centers throughout the country and building a production academy in Detroit.
Apple CEO Tim Cook appeared to Mr Trump for the announcement and presented him a glass apple plate that he said he was engraved for the president and in a base of 24k gold.
The new investment would increase Apple’s dedication to American production to $ 600 billion in the coming four years, according to a White House official. And it is expected to comprise a new “American production program”, aimed at bringing more of the supply chain from Apple and advanced production to the US
Spokesperson Taylor Rogers of the White House said in a statement that the announcement with Apple “will help at the same time repeat the production of critical components to protect the economic and national security of America.”
The company announced in February That it would invest $ 500 billion in the US over the next four years and hire 20,000 American employees. Apple then said it would build a new 250,000 square foot factory in Houston, set to open in 2026, which will make servers to provide Apple’s AI services with power. The company also said it would establish an educational academy in Michigan, aimed at stimulating production and its investment in a fund aimed at promoting innovation in the US.
In May, the president threatened To impose a rate of 25% on iPhones made outside the US, write about Truth Social that he told Cook that he expects that iPhones that will be sold in the US will be manufactured and built in the United States, not in India or somewhere else. “
Kate Gibson has contributed to this report.
