iPhone company: Apple wants to invest 500 billion dollars in the USA
Donald Trump's tariff threats are also having an effect on Apple. The iPhone company is hoping to appease the president with investments of $500 billion. But much of the announcement remains unclear
Following Donald Trump's announcement of import tariffs, Apple is planning to invest more than $500 billion in the US. This includes setting up a production facility for high-performance servers for artificial intelligence (AI). The planned projects will create around 20,000 jobs in research and development.
Shortly after taking office as US President, Trump announced additional tariffs on goods from China. This could also affect iPhones and other Apple devices. However, in the past the US President has been willing to ease tariffs if a company declared its willingness to invest in the US. The announcement came a few days after a meeting between Apple CEO Tim Cook and Trump. After the meeting, the US President spoke of an investment commitment from the company amounting to hundreds of billions of dollars.
Apple has expanded production in India and Vietnam in recent years, but the majority of the company's devices are still built in China. During Trump's first term in office, Apple was spared additional taxes thanks to an exemption. At the time, the company had promised investments of $350 billion over a period of five years. In a post on his short message platform Truth Social, the US president thanked Apple and Cook. The decision reflected their trust in his government.
A huge investment announced as early as 2021The iPhone company is now talking about its "largest investment commitment to date". The commitment of 500 billion US dollars also includes supplies from US states. It was initially unclear exactly how much new commitments amount to: Apple had already announced in 2021 that it would invest 430 billion dollars in the USA within half a decade. In his first term in office, Trump presented the production of Apple's Mac computers in Texas, which had been running since 2013, as his achievement.
"We are optimistic about the future of American innovation, and we are proud to build on our long-standing investments in the United States with this $500 billion commitment to our country's future," Cook was quoted as saying in an Apple statement. Trump wrote on his online platform Truth Social that the reason for Apple's investment was "belief in what we do."
Analyst Gil Luria of the research house DA Davidson spoke of a political gesture towards the Trump administration. "But it is unclear whether this announcement means an expansion of spending."
Parallel to the investment announcement, Apple announced that mass production of processors for iPhones and other devices had begun in the new US plant of the Taiwanese contract manufacturer TSMC. In this context, the volume of Apple's Advanced Manufacturing Fund is to be doubled to 10 billion dollars. This fund promotes research and the expansion of production at its suppliers. Among other things, the funds will be used to advance the development of state-of-the-art chips in TSMC's US plant.
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