President Donald Trump announced on Wednesday that Apple will invest an additional $100 billion in the United States, a move that could help it sidestep potential tariffs on iPhones. The new pledge raises Apple’s total domestic investment commitment in the U.S. to $600 billion over the next four years. Earlier this year, the company announced it would invest $500 billion and hire 20,000 workers across the country in that period.
The announcement centers on expanding Apple’s supply chain and advanced manufacturing footprint in the U.S., but still falls short of Trump’s demand that Apple begin making iPhones domestically. “Companies like Apple, they’re coming home. They’re all coming home,” Trump told reporters in the Oval Office, moments after Apple CEO Tim Cook gave him a U.S.-made souvenir with a 24-karat gold base.
“This is a significant step toward the ultimate goal of ensuring that iPhones sold in America also are made in America,” Trump added.
Asked if Apple could eventually build entire iPhones in the U.S., Cook noted that many components such as semiconductors, glass and Face ID modules are already made domestically, but said that final assembly will remain overseas “for a while.”
While the investment pledge is significant, analysts say the numbers align with Apple’s typical spending patterns and echo commitments made during both the Biden administration and Trump’s previous term. In May, Trump had threatened Apple with a 25% tariff on products manufactured overseas, a sharp reversal from earlier policy when his administration had exempted smartphones, computers and other electronics from rounds of tariffs on Chinese imports. Trump’s effort to reshape global trade through tariffs cost Apple $800 million in the June quarter.