Latest Developments from Apple: Apple Shifts Focus to U.S. Manufacturing
On Wednesday, Apple CEO Tim Cook announced a $100 billion investment in the United States at the White House with President Donald Trump. The vow could help Apple avoid harsher levies on its goods and will involve a new manufacturing initiative that increases the number of domestically produced Apple components.
This includes new and expanded work with 10 companies across America. They produce components that are used in Apple products sold all over the world, and we’re grateful to the President for his support,
Cook
iPhone Glass to Be Fully Produced in the U.S.
Chipmaker Broadcom (AVGO), chip equipment manufacturer Applied Materials (AMAT), Texas Instruments (TXN), rare earth magnet manufacturer MP Materials (MP), and Corning (GLW) are some of these partner firms. A Corning factory in Kentucky will soon produce all of the cover glass for Apple‘s iPhones and Apple Watches globally for the first time, according to Cook, who spoke about the company’s growing cooperation with Corning.
President Trump’s America First economic agenda has secured trillions of dollars in investments that support American jobs and bolster American businesses. 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,
White House spokesperson Taylor Rogers
Apple’s 5% Rally Can’t Hide 15% Yearly Loss as AI and Tariff Pressures Mount
Prior to the announcement, Apple’s stock increased by more than 5% on Wednesday. However, due to concerns about its advancements in AI and an increasing impact from tariffs, they have still lost over 15% of their value since the year began.
In recent months, Trump has put a lot of pressure on Apple to produce more of its key devices, like the iPhone, in the United States. If Apple doesn’t move more of its operations domestically, the president promised in May that his administration would put a 25% tariff on phones sold in the United States that are manufactured outside the nation.
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