Apple has announced it will be investing around $500 billion back into the U.S. over the next four years, to help avoid tariffs imposed by President Donald Trump and his administration.
According to CNN, Apple CEO Tim Cook held a meeting with Trump Thursday, which Trump hinted Friday that an investment deal had been made that will eventually create 20,000 jobs for Americans, and credited his tariffs plans as the reason the deal came about. The Trump administration has imposed 10% tariffs on all Chinese goods coming into the U.S.
“He’s investing hundreds of billions of dollars, I hope he’s announced it,” Trump said. “That’s what he told me … But he’s investing hundreds of billions of dollars. And others, too, a lot of chip makers coming in, a lot of automakers coming in.”
TSCM, a chip-making company for Apple, will also be moving operations back to the U.S. and plans on opening a chip manufacturing plant in Arizona, which was helped by a $6.6 billion passed during former President Joe Biden’s time in office.
Apple made investments into other areas outside of China during the COVID-19 pandemic, due to the nation’s unstable supply chain, mainly expanding into India and Vietnam. The company built a Mac Pro computers production facility in Texas.
Cook said in a statement that Apple is proud to be making investments into the U.S., and will be working with manufacturing partners spread across all 50 states to produce more products in the U.S.
“We are bullish on the future of American innovation, and we’re proud to build on our long-standing US investments with this $500 billion commitment to our country’s future,” said Cook.
Trump took to his social media platform Truth Social to announce the investment.
“Apple has just announced a record 500-billion-dollar investment in the United States of America, Trump said. “The reason, faith in what we are doing, without which, they wouldn’t be investing ten cents. Thank you, Tim Cook, and Apple.”
Part of the investment will be made into creating an academy in Detroit, to train small and medium businesses on implementing AI and smart manufacturing techniques, while production of servers will begin in Houston this year to support the growth. Data center capacity will also be expanded in North Carolina, Iowa, Oregon, Arizona, and Nevada.
