Apple Invests $100 Billion in U.S. Manufacturing
Apple Inc. (NASDAQ: AAPL) announced on August 6 that it will invest an additional $100 billion in U.S. manufacturing, bringing its total commitment to $600 billion over the next four years. This decision comes as part of Apple’s effort to strengthen its supply chain amid increasing concerns about tariffs, especially considering the company’s reliance on China for iPhone production.
The announcement includes the formation of Apple’s American Manufacturing Program, which will partner with U.S. manufacturers like Corning, Texas Instruments, and Samsung to produce smartphone components domestically. Apple COO Sabih Khan emphasized the company’s commitment to supporting U.S. suppliers throughout the entire chip-making process.
Following the news, Apple’s stock rose 5%. This investment aims to foster innovation and improve sales as Apple seeks to reverse low growth; the company reported a 10% revenue increase during its fiscal third quarter, reaching $94 billion.
