Apple Amplifies US Commitment to $600B with Innovative Manufacturing Initiative
Apple has pledged an additional $100 billion to American manufacturing, escalating its total US investment to $600 billion over the forthcoming four years. The tech titan introduced its American Manufacturing Program (AMP), which incorporates alliances with prominent companies such as Corning in Kentucky, TSMC in Arizona, and Texas Instruments, aiming to manufacture over 19 billion chips annually.
CEO Tim Cook, in the company of President Trump at the White House, announced this significant commitment. Apple plans to invest $2.5 billion to augment iPhone glass production at Corning’s Kentucky plant, which is expected to create approximately 4,000 new jobs across various states. This strategic move emerges as the company anticipates potential tariff pressures and seeks to fortify domestic supply chains.
- Company: Apple
- Investment: $600 billion over the next four years
- Program: American Manufacturing Program (AMP)
- Partnerships: Corning (Kentucky), TSMC (Arizona), Texas Instruments
- Production Goal: Over 19 billion chips annually
- Job Creation: Estimated 4,000 new jobs