This story will be updated as President Trump makes the announcement at 3:30 p.m. CT.
(NewsNation) — President Donald Trump on Wednesday announced that Apple is adding another $100 billion to its domestic investments.
Apple’s newest monetary move adds onto its already promised $500 billion investment earlier this year, bringing the tech giant’s U.S. investment up to $600 billion over the next four years.
“Today, we’re proud to increase our investments across the United States to $600 billion over four years and launch our new American Manufacturing Program,” said Tim Cook, Apple’s CEO. “This includes new and expanded work with 10 companies across America. They produce components that are used in Apple products sold all over the world, and we’re grateful to the President for his support.”
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Trump announced the creation of the American Manufacturing Program, which will bring more of Apple’s supply and manufacturing to the United States.
“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,” White House assistant press secretary Taylor Rogers said in a statement to NewsNation.
“President Trump’s America First economic agenda has secured trillions of dollars in investments that support American jobs and bolster American businesses,” Rogers said in the statement.
Trump said Apple investments will create 20,000 jobs, including in Kentucky.
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It’s the latest move in the Trump administration’s push to produce tech products stateside while imposing tariffs on those made abroad.
Apple previously announced it would expand its data center capacity in Arizona, Iowa, Nevada, North Carolina and Oregon.
The company also confirmed it would build a 250,000-square-foot manufacturing plant in Houston, set to open in 2026, and will make servers that were previously manufactured outside of the U.S., which help power its artificial intelligence.
Cook met with Trump at the White House in May, after which Trump threatened to hit the company with 25% tariffs if it did not move its manufacturing to the U.S. — rather than China, where it has long manufactured most of its products.
NewsNation partner The Hill and Jordan Perkins contributed to this report.
