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Apple is investing another $100 billion to expand its operations in the United States, President Donald Trump will announce later Wednesday, a White House official said.
The major investment will come after the tech giant already committed $500 billion to growing its domestic footprint earlier this year. The tech giant has shelled out billions of dollars over the past because of Trump’s tariffs.
“President Trump’s America First economic agenda has secured trillions of dollars in investments that support American jobs and bolster American businesses,” White House spokesperson Taylor Rogers said in a statement to CNN. “Today’s announcement with Apple is another win for our manufacturing industry that will simultaneously help reshore the production of critical components to protect America’s economic and national security.”
The new investment will include the launch of an American Manufacturing Program aimed at moving more of Apple’s supply chain to the United States.
Bloomberg was the first to report the news of Apple’s upcoming announcement.
The Trump administration has been pushing for Apple and other tech giants to produce their products in the United States rather than rely on assembly facilities and supply chain operations largely located in China, India and Vietnam. But experts have said doing so would be challenging because of a lack of a skilled technical workforce, and higher labor costs. Many of Apple’s key suppliers are located in Asia, meaning assembling products in the US would require shipping parts across the world.
Trump has previously threatened Apple and Samsung, the world’s two largest smartphone makers, with more tariffs particular to those companies unless they make their phones in the United States.
“I have long ago informed Tim Cook of Apple that I expect their iPhone’s that will be sold in the United States of America will be manufactured and built in the United States, not India, or anyplace else,” Trump posted on Truth Social in May. “If that is not the case, a Tariff of at least 25% must be paid by Apple to the U.S.”
Apple CEO Tim Cook has privately spoken with Trump to discuss the impact of tariffs on his company in recent months, according to a White House official. Cook said on Apple’s earnings call last week that he expects Apple to incur $1.1 billion in tariff-related costs during the September quarter. The announcement is also set to come as Trump is expected to raise tariffs on India, where Apple assembles most of the iPhones it sells in the US.
Apple is just one of many tech giants that have expanded their American footprint over the past several months. Texas Instruments committed $60 billion to make semiconductors in the United States in June, and Taiwanese chipmaking giant TSMC invested $100 billion in US manufacturing in March. Leading AI chipmaker Nvidia also said it would build its supercomputers in the United States in April.
This is a developing story and will be updated.
CNN’s Alayna Treene contributed to this report.
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