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On Sat, 3 May, 8:02 AM UTC
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Apple to invest over $500 billion in the US thanks to Trump's domestic semiconductor plans
Apple CEO Tim Cook promises to spend $500 billion in the US, and it's all thanks to President Trump for advancing domestic semiconductor manufacturing. As an Amazon Associate, we earn from qualifying purchases. TweakTown may also earn commissions from other affiliate partners at no extra cost to you. Apple CEO Tim Cook has personally thanked President Trump and his focus on domestic (US) semiconductor manufacturing, pledging that his company would invest $500 billion in the US over the next 4 years. Tim Cook has promised that Apple will invest $500 billion in the United States in the next 4 years, and that it has a long-standing relationship with domestic suppliers. Cook said in his virtual presentation during President Donald Trump's celebration of his first 100 days in office: "I want to take a moment to recognize President Trump's focus on domestic semiconductor manufacturing, and we will continue to work with the administration as we invest in these areas". Cook said in full: "Hi, everyone. I'm sorry I couldn't be with you today, but I'm glad to have the chance to speak. I've always said that Apple could only have been created in the United States. We are a uniquely American company and we care deeply about our impact on this country. That's why we recently announced plans to spend five hundred billion dollars here over the next four years. We're expanding our teams and our facilities in several states, including Michigan, Texas, California, Arizona, Nevada, Iowa, Oregon, North Carolina, and Washington. We're also establishing a new factory for advanced AI servers in Texas, and we'll be doubling our US advanced manufacturing fund to help companies expand in America". "We are proud to create millions of jobs here and to make significant investments to catalyze a new era of advanced manufacturing, and we're proud to support businesses all across the country that help us deliver for our users. All told, we have more than nine thousand suppliers in the US across all fifty states". "We work with American companies to source everything from the components we used for Face ID to the glass used an iPhone. And we expect to source more than nineteen billion chips this year in America from companies across a dozen states. That includes tens of millions of advanced chips being made right now by TSMC in Arizona, where we are the first and largest customer".
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Tim Cook Says Apple Will Invest $500 Billion In The U.S. Over The Next Four Years, Thanks Trump For Advancing Domestic Semiconductor Manufacturing
Amid ongoing tensions between Apple and the new import policies, Apple CEO Tim Cook saw fit to virtually appear this week at a business executive gathering to celebrate President Donald Trump's first 100 days in the office. Cook shared insights on the company's ambitions and future investments in the United States. The CEO specifically stated that he would like to thank Donald Trump's focus on domestic semiconductor manufacturing. Tim Cook touted in his comments that Apple will invest $500 billion in the United States in the next four years and that it has a long-standing relationship with domestic suppliers. Cook says, "I want to take a moment to recognize President Trump's focus on domestic semiconductor manufacturing, and we will continue to work with the administration as we invest in these areas." The White House shared a video of Tim Cook's comments on YouTube, and you can check out the transcript below for more details. "Hi, everyone. I'm sorry I couldn't be with you today, but I'm glad to have the chance to speak. I've always said that Apple could only have been created in the United States. We are a uniquely American company and we care deeply about our impact on this country. That's why we recently announced plans to spend five hundred billion dollars here over the next four years. We're expanding our teams and our facilities in several states, including Michigan, Texas, California, Arizona, Nevada, Iowa, Oregon, North Carolina, and Washington. We're also establishing a new factory for advanced AI servers in Texas, and we'll be doubling our US advanced manufacturing fund to help companies expand in America. We are proud to create millions of jobs here and to make significant investments to catalyze a new era of advanced manufacturing, and we're proud to support businesses all across the country that help us deliver for our users. All told, we have more than nine thousand suppliers in the US across all fifty states. We work with American companies to source everything from the components we used for Face ID to the glass used an iPhone. And we expect to source more than nineteen billion chips this year in America from companies across a dozen states. That includes tens of millions of advanced chips being made right now by TSMC in Arizona, where we are the first and largest customer. I wanna take a moment to recognize President Trump's focus on domestic semiconductor manufacturing, and we will continue to work with the administration as we invest in these areas. Needless to say, we are excited for the future of American innovation and the incredible opportunities it will create and we are honored to do our part." Apple is currently battling hefty import taxes, which is causing the company to increase the price of its products. While the company will stick to the current prices in the short run, new product announcements could be made with price hikes. Apple is also urging its suppliers to expand manufacturing facilities in the United States, but this was done long before Trump took office. Former U.S. President Joe Biden worked with executives to sign a new CHIPS Act to bring TSMC's investments into the country. We will share more details on the subject, so do keep an eye out for more.
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Apple CEO Tim Cook announces a massive $500 billion investment in the US over the next four years, highlighting the company's commitment to domestic semiconductor manufacturing and praising President Trump's focus on the sector.
Apple CEO Tim Cook has announced an ambitious plan to invest $500 billion in the United States over the next four years. This significant commitment comes as part of Apple's ongoing efforts to strengthen its presence and impact within the country 12.
The investment will see Apple expanding its teams and facilities across several states, including Michigan, Texas, California, Arizona, Nevada, Iowa, Oregon, North Carolina, and Washington. This expansion is expected to create millions of jobs and catalyze a new era of advanced manufacturing in the US 12.
A key aspect of Apple's investment strategy is its emphasis on domestic semiconductor manufacturing. Tim Cook specifically thanked President Trump for his focus on this area, stating, "I want to take a moment to recognize President Trump's focus on domestic semiconductor manufacturing, and we will continue to work with the administration as we invest in these areas" 12.
As part of its expansion plans, Apple is establishing a new factory for advanced AI servers in Texas. This move aligns with the company's broader strategy to enhance its AI capabilities and contribute to the domestic tech infrastructure 12.
Apple also plans to double its US advanced manufacturing fund to help companies expand their operations in America. This initiative demonstrates Apple's commitment to fostering growth and innovation within the domestic manufacturing sector 12.
Cook highlighted Apple's extensive network of suppliers across the United States, mentioning that the company works with over 9,000 suppliers across all fifty states. This network covers a wide range of components, from Face ID technology to the glass used in iPhones 12.
Apple expects to source more than 19 billion chips from American companies across a dozen states this year. Notably, this includes a significant partnership with TSMC in Arizona, where Apple is the first and largest customer for advanced chip production 12.
This announcement comes amid ongoing tensions related to import policies and potential price hikes for Apple products due to hefty import taxes. While Apple plans to maintain current prices in the short term, future product announcements may reflect these increased costs 2.
It's worth noting that Apple's push for domestic manufacturing predates the current administration. The company's efforts align with broader initiatives like the CHIPS Act, signed during the Biden administration, which aims to boost domestic semiconductor production and attract investments from companies like TSMC 2.
Apple announces a massive $500 billion investment in the United States over the next four years, emphasizing AI development, advanced manufacturing, and job creation.
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Nvidia announces plans to manufacture AI chips and build supercomputers in the United States, responding to geopolitical tensions and potential tariffs while aiming to strengthen its supply chain.
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Nvidia CEO Jensen Huang announces plans to invest hundreds of billions in US-made chips and electronics over the next four years, reflecting a significant shift in the company's supply chain strategy amidst geopolitical tensions and the Trump administration's "America First" policy.
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Taiwan Semiconductor Manufacturing Company (TSMC) unveils plans to invest $100 billion in US chip manufacturing facilities, with a focus on AI chip production. The announcement, made alongside President Donald Trump, aims to boost domestic semiconductor production and strengthen the US position in AI technology.
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The US finalizes a deal to provide TSMC with up to $6.6 billion in direct funding and $5 billion in loans to build advanced chip manufacturing facilities in Arizona, aiming to boost domestic semiconductor production and enhance national security.
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