Apple plans to invest another 100 billion dollars in the United States. the company announced Wednesday. The investment follows President Donald Trump’s announcement to impose a 100 percent tariff on chip imports, excluding all companies that are “built in the United States.”
The plans previously announced by the White House are also relevant. Raise tariffs on India An additional 25% (bringing the total interest to 50) for the purchase of oil from Russia. Apple is heavily dependent on Indian manufacturers to manufacture the iPhone. Increasing the already $500 billion in investment in the US is therefore likely a way to avoid the effects of tariffs.
“Today we are proud to increase our investment in the United States to $600 billion over four years and launch our new American manufacturing program,” Apple CEO Tim Cook said in a statement. “This includes new and expanded partnerships with ten companies in the United States that produce components used in Apple products sold around the world, and we are grateful to the president for his support.”
In February, Apple announced that its initial $500 billion investment plan would go toward building Apple Intelligence servers in the United States, and that most of the new jobs created with this funding would focus on research and development, silicon technology, software development, artificial intelligence, and machine learning. As part of this additional investment, Apple says it is also deepening its relationships and investments with US-based component makers such as Corning and Amkor.
Apple is a multi-billion dollar company that can afford to spend a few billion to avoid tariffs, but it also plans to increase its investment in the US to keep up with the competition. It’s entirely possible that the company is simply adjusting its spending to flatter the president.
Steve Dent contributed to this report.
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