Apple detail the US $ 100 billion in expenses

Apple On Wednesday, CEO Tim Cook and President Donald Trump announced that the iPhone manufacturer will spend an additional $ 100 billion on US companies and suppliers over the next four years.

The company said its investments would encourage foreign companies to buy more than US spare parts. The commitment is $ 500 billion that Apple has made in February.

“This is the largest investment that Apple has never done in America and wherever else,” Trump said. “As you know, Apple was a little investor in other countries, I will not say which ones are, but the couple, and they are returning home.”

Trump said he expects the new US factories to be built soon based on his policy.

“There are many factories and many plants that are either built or soon we will start building,” Trump said. “So I can’t tell you exactly when, but I want to be in a year.”

Apple on Wednesday said she created a so -called American Production Program that includes 8. SuccessiveGlobalwafers, Applied materials. Texas InstrumentsSamsung, GlobalfRoundloss. Amcor and Broadcom.

Campaign – Note This would spend $ 2.5 billion on the financing of the Great Corning Extension, making glass for iPhones in Kentucky. Apple said all the glass for iPhones and apples will be made in the US at the Corning.

In the White House, Cook handed Trump a souvenir based on a glass of corning.

Apple also stated that he had a long -term supply agreement with a coordinated laser for iPhone personality recognition system.

The company said this year its network of supplies to the United States will produce more than 19 billion chips. This includes chips made by TSMC in Arizona, said Apple. It also includes plates with Globalwafers and chips with Texas Instruments.

Apple said it would cooperate with Texas Instruments to install additional tools at the Utah and Texas factories. Globalfoundries, an American foundry that produces old chips, especially for the US government, will produce wireless charging technologies in New York for Apple.

The iPhone manufacturer said its purpose was to have “end to the end”, meaning that each part of the chips can happen on American soil.

Earlier this year Apple said it would invest 500 million dollars in miners rare land And what he will build AI servers at the Texas plant.

“Oh, I like what you do,” said Trump, reading the Apple ad list.

“President Trump shared some words about this work, but he also asked us to think about what we can do,” Cook said about Apple’s previous initial commitments for $ 500 billion. “Mr. President, we took this challenge very seriously.”

Trump criticized Apple and Cook for not doing his smartphones in the US, and this is a step that Apple never signaled it would probably do. Experts say the movement of high volume production, a sophisticated electronics product like the iPhone for the US economically impossible and may take years.

Asked about the possibility of creating an iPhone in the US on Wednesday, Cook said many details inside the device were made in the US

“If you look at its main part, we make a lot of semiconductors here, we make a glass here, we make a face module here,” Cook said.

Apple made similar ads in the past. In 2018 under pressure during the first Trump administration, Apple in the accomplishment Spend $ 350 billion in the US for five years or about $ 70 billion a year. In 2021 an apple announced Plans to spend $ 430 billion over five years, or $ 86 billion a year in a US Wednesday report, the company is $ 600 billion in four years, or $ 125 billion a year.

Much of what Apple has announced is fruitful, although the company does not report its US costs annually, and suppliers do not usually violate how much Apple’s profits.

The company also faces increasing tariffs that can harm the profit. He is currently paying for tariffs located on Chinese imports earlier this year, and threatens to increase imports on semiconductors when the Trump administration will finish the so -called section 232.

Trump said on Wednesday that plans to impose 100% tariff on semiconductors and chipsBut this apple was released because it is obliged to build in the US

Apple said in May that most of the phones they sell to the US are going to India to avoid Chinese tariffs, and although the tariffs for India are up to 25%, the White House sources said CNBC that the iPhone manufacturer would “do not affect” tariffs in India. Apple said tariffs could cost companies at $ 1.1 billion in the current quarter.

In 2017, Apple announced that it creates a $ 1 billion production fund, which will go for future purchasing commitments with US suppliers. Apple has raised this up to $ 10 billion earlier this year. Corning, one of the message participants on Wednesday, previously received two public commitment from Apple’s production fund.

In 2021, Apple stated that its expenses in the United States exceeded its initial message 2018. In its original message, the company said it would spend $ 10 billion at the data center in North Carolina, Oregon, Nevada, Arizona and Iowa. Apple works at the data center in all these states today.

Apple on Wednesday said it expands data centers in North Carolina, Iowa, Nevada and Oregon.

See: The big problem of Apple continues to stay missing from the II, says Dan Isbush