Apple to speculate one other $100 billion into the US to keep away from tariffs

Apple plans to speculate an extra $100 billion within the US, the corporate introduced on Wednesday. The funding follows President Donald's Trump's beforehand introduced plans to lift tariffs on India by an extra 25 p.c (bringing the overall tariff to 50 p.c) for buying oil from Russia. Apple depends closely on producers in India to create the iPhone, so including to its already $500 billion funding within the US is probably going a approach to keep away from being impacted by the tariffs.

"As we speak, we're proud to extend our investments throughout the US to $600 billion over 4 years and launch our new American Manufacturing Program," Apple CEO Tim Cook dinner shared in a press release. "This consists of new and expanded work with 10 firms throughout America. They produce parts which might be utilized in Apple merchandise bought everywhere in the world, and we’re grateful to the President for his help."

Apple is increasing our US dedication to $600 billion over the subsequent 4 years. And our new American Manufacturing Program will deliver much more jobs and superior manufacturing to the US. pic.twitter.com/6KWkTGJN3O

— Tim Cook dinner (@tim_cook) August 6, 2025

In February, Apple mentioned its authentic $500 billion funding plan would go in direction of constructing Apple Intelligence servers within the US, and that almost all of the brand new jobs the funding would offer can be targeted on R&D, silicon engineering, software program improvement and AI and machine studying. As a part of this extra funding, Apple says it's additionally deepening its relationship and funding in part makers working within the US, like Corning and Amkor.

Corning produces the glass for iPhones and Apple Watches, and the corporate says that "quickly, each iPhone and Apple Watch bought world wide might be constructed with Kentucky-made cowl glass." Apple is investing in Amkor to reap the benefits of the corporate's "superior chip packaging and take a look at facility in Arizona." Apple says its "main the creation of an end-to-end silicon provide chain in the US" via its investments.

In a press release to Bloomberg earlier than the announcement, a White Home spokesperson urged the brand new funding would "assist reshore the manufacturing of vital parts to guard America’s financial and nationwide safety." The Trump administration has beforehand referred to as for Apple to make the iPhone within the US, one thing CNN reports is troublesome to downright unimaginable.

Apple's present technique for coping with Trump is much like the way it dealt with the President throughout his first time period. In 2019, Apple CEO Time Cook dinner and Trump "opened" a Mac Professional manufacturing facility in Texas. The manufacturing facility had been up-and-running since 2013, however the President was happy by the optics of constructing a deal. Apple's partnership with Amkor was equally introduced years in the past in 2023, however is being trotted out now as a result of it suits with Apple's "American Manufacturing Program."

Apple is a trillion-dollar firm that may afford to spend a number of billion to keep away from paying tariffs, but it surely additionally possible deliberate to extend its funding within the US anyway to maintain up with opponents. It's completely attainable the corporate is simply packaging its spending in a manner that flatters the President.

This text initially appeared on Engadget at https://www.engadget.com/big-tech/apple-to-invest-another-100-billion-into-the-us-to-avoid-tariffs-210250020.html?src=rss

HOT news

Related posts

Latest posts

RedOctane relaunches and can proceed to make new rhythm video games

RedOctane Video games is again and able to make extra rhythm video games. The studio introduced its re-launch at the moment and mentioned it's...

USDC Leads 3x Rise in Crypto-Primarily based Wage Funds Over Previous Yr: Survey

The share of employees paid in cryptocurrency has greater than tripled over the previous 12 months, with USDC rising as the most well-liked digital...

Gate Joins World Greenback Community as a First-Tier Companion, Main Stablecoin Adoption

Gate, a number one world crypto trade, introduced its official participation in World Greenback Community (GDN), an open community designed to speed up...

Crypto Value Prediction Right now 6 August – XRP, Dogecoin, Pepe

Final month, the largest crypto Bitcoin (BTC) hit a recent all-time excessive (ATH) worth of $122,838, reigniting enthusiasm amongst market individuals. Many trade watchers...

SEI Tanks 9% Weekly, however Analyst Predicts 1,300% Worth Surge

TL;DR SEI trades close to help as worth drops 9% this week; quantity stays above $200 million. Analyst compares SEI to SUI’s pre-rally...

Want to stay up to date with the latest news?

We would love to hear from you! Please fill in your details and we will stay in touch. It's that simple!