Amid ongoing tensions between Apple and the new import policies, Apple CEO Tim Cook saw fit to virtually appear this week at a business executive gathering to celebrate President Donald Trump's first 100 days in the office. Cook shared insights on the company's ambitions and future investments in the United States. The CEO specifically stated that he would like to thank Donald Trump's focus on domestic semiconductor manufacturing.
Apple plans to invest $500 billion in the U.S. and promote domestic chip manufacturing, says Cook in a virtual gathering
Tim Cook touted in his comments that Apple will invest $500 billion in the United States in the next four years and that it has a long-standing relationship with domestic suppliers. Cook says, “I want to take a moment to recognize President Trump’s focus on domestic semiconductor manufacturing, and we will continue to work with the administration as we invest in these areas.”
The White House shared a video of Tim Cook's comments on YouTube, and you can check out the transcript below for more details:
“Hi, everyone. I’m sorry I couldn’t be with you today, but I’m glad to have the chance to speak. I’ve always said that Apple could only have been created in the United States. We are a uniquely American company and we care deeply about our impact on this country. That’s why we recently announced plans to spend five hundred billion dollars here over the next four years. We’re expanding our teams and our facilities in several states, including Michigan, Texas, California, Arizona, Nevada, Iowa, Oregon, North Carolina, and Washington. We’re also establishing a new factory for advanced AI servers in Texas, and we’ll be doubling our US advanced manufacturing fund to help companies expand in America.
We are proud to create millions of jobs here and to make significant investments to catalyze a new era of advanced manufacturing, and we’re proud to support businesses all across the country that help us deliver for our users. All told, we have more than nine thousand suppliers in the US across all fifty states.
We work with American companies to source everything from the components we used for Face ID to the glass used an iPhone. And we expect to source more than nineteen billion chips this year in America from companies across a dozen states. That includes tens of millions of advanced chips being made right now by TSMC in Arizona, where we are the first and largest customer.
I wanna take a moment to recognize President Trump’s focus on domestic semiconductor manufacturing, and we will continue to work with the administration as we invest in these areas. Needless to say, we are excited for the future of American innovation and the incredible opportunities it will create and we are honored to do our part.”
Apple is currently battling hefty import taxes, which is causing the company to increase the price of its products. While the company will stick to the current prices in the short run, new product announcements could be made with price hikes. Apple is also urging its suppliers to expand manufacturing facilities in the United States, but this was done long before Trump took office. Former U.S. President Joe Biden worked with executives to sign the new CHIPS Act to bring TSMC's investments into the country. We will share more details on the subject, so do keep an eye out for more.
About the author: Ali Salman is a technology reporter for Wccftech mobile section with a specialized focus on Apple and the intellectual property that drives mobile innovation. He has cultivated a unique expertise in analyzing and deconstructing complex technology patents, translating dense legal and technical documents into clear, insightful reports on future products.
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