Apple launches a massive investment of $100 billion to support American manufacturing

Apple announced plans to inject new investments worth $100 billion into American companies and suppliers over the next four years, during a joint announcement by the company's CEO Tim Cook and President Donald Trump.

This decision came to enhance local manufacturing and encourage global companies to increase their reliance on components manufactured in the United States. This amount adds to a previous investment plan announced by Apple last February, which amounted to $500 billion.

President Trump stated during the announcement: "This is the largest investment Apple is making in America, and anywhere else," referring to the company's shift towards local investment after years of relying on foreign suppliers, without mentioning specific countries. He added: "As you know, Apple has been investing in some other countries, I won't mention their names, and now it is coming back home."

Trump expected that his administration's policies would lead to new factories being established soon, explaining: "There are many factories and facilities either under construction or we will start building them soon, I can't specify the date accurately, but I want to be present a year from now."

As part of this initiative, Apple revealed the launch of the "American Manufacturing Program" which includes major companies such as Corning, Coherent, GlobalWafers, Applied Materials, Texas Instruments, Samsung, GlobalFoundries, Amcor, and Broadcom.

The company also announced a special investment of $2.5 billion to expand collaboration with Corning, the main manufacturer of the glass used in iPhones and Apple Watch, at its facilities in Kentucky. Apple confirmed that all the glass for its devices will be produced entirely within the United States, in a move aimed at strengthening the local supply chain.