Tim Cook and Donald Trump will announce $100 billion investment at the White House
Apple CEO Tim Cook will reportedly join President Donald Trump at the White House today to announce Apple's burgeoning investment in the U.S.
The tech giant is pledging another $100 billion to domestic manufacturing, according to Bloomberg. The announcement is bringing Apple's total commitment to $600 billion, the White House said.
"President Trump’s America First economic agenda has secured trillions of dollars in investments that support American jobs and bolster American businesses," White House spokesperson Taylor Rogers. "Today’s announcement with Apple is another win for our manufacturing industry that will simultaneously help reshore the production of critical components to protect America’s economic and national security."
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The official announcement will take place in the Oval Office at 4:30 p.m. ET.
Trump has previously threatened Apple with higher tariffs, pushing the company to shift production to the United States.
Apple has dropped announcements throughout this year about its advancements in the U.S., including a 250,000 square-foot manufacturing plant in Houston, opening in 2026; an educational academy in Michigan; and its plans to hire 20,000 U.S.-based workers.
