Apple plans to invest an additional $100 billion in the United States, bringing its total U.S. commitment to $600 billion over the next four years, a White House official said Wednesday.
President Donald Trump is expected to make the official announcement from the Oval Office at 4:30 p.m., highlighting the latest achievement of his “America First” economic agenda.
“President Trump’s America First economic agenda has secured trillions of dollars in investments that support American jobs and bolster American businesses,” White House Assistant Press Secretary Taylor Rogers said. “Today’s announcement with Apple is another win for our manufacturing industry.”
The new commitment includes the launch of Apple’s American Manufacturing Program (AMP), which aims to bring more of the company’s supply chain and advanced manufacturing capabilities back to the United States.
According to the White House, AMP will encourage global companies to manufacture critical components in the U.S. while increasing Apple’s domestic investments.
Apple currently supports more than 450,000 jobs in the U.S. and partners with thousands of American suppliers.
In February, Apple announced its original $500 billion investment plan, which included a major new factory in Texas and the creation of around 20,000 research and development jobs.
The $500 billion package also includes purchases from U.S. suppliers and the production of American content for Apple TV+.
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Author: Mike Vance
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