American commerce chief publicizes no taxation on semiconductor chips for firms constructing plants within the nation's borders
In a significant development, Apple CEO Tim Cook and U.S. President Donald Trump announced an additional $100 billion investment by the tech giant in the United States. This investment forms part of a larger $600 billion commitment over four years to expand Apple's U.S. operations significantly.
The purpose of this investment is to accelerate American manufacturing, increase the domestic supply chain, create over 20,000 new jobs, and boost production of critical components used globally in Apple products. This includes a new Smart Glass production line in Kentucky, a server manufacturing facility in Houston, several data centers nationwide, and a manufacturing academy in Detroit. The announcement also introduced Apple's ambitious new American Manufacturing Program (AMP), which aims to bring more of its supply chain and advanced manufacturing to the U.S. and incentivize other global companies to manufacture critical components domestically.
At the announcement in the Oval Office, President Trump highlighted his administration's role through tax incentives and deregulation policies that helped attract this unprecedented investment. Tim Cook praised Trump as a strong advocate for American innovation and manufacturing, noting, for example, that every new iPhone and Apple Watch will contain cover glass made in Kentucky for the first time.
U.S. Secretary of Commerce Howard Lutnick and Treasury Secretary Scott Bessent were also present at the announcement. They represented the U.S. government’s leadership supporting the deal, emphasizing the administration’s role in facilitating the environment for this investment. However, no detailed operational roles beyond their official capacities were specified in the announcement.
Meanwhile, there have been no recent successful tariff talks between the U.S. and Korea, and reported instances of heated language have been observed from Korea following a trade deal with Japan. Moreover, the ruling of a tariff court did not significantly impact ongoing U.S.-EU talks, according to Howard Lutnick.
The hearing regarding U.S. President Donald Trump's budget request for the Department of Commerce took place on Capitol Hill in Washington on June 5, with Howard Lutnick testifying before the House Appropriations Committee.
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- The ambition of Apple's new American Manufacturing Program (AMP) is to bring more of its supply chain and advanced manufacturing to the U.S., and to incentivize other global companies to manufacture critical components domestically.
- During the announcement in the Oval Office, President Trump emphasized that tax incentives and deregulation policies from his administration played a significant role in attracting Apple's unprecedented investment.
- Tim Cook, Apple's CEO, expressed his gratitude towards President Trump, remarking that Trump has been a strong advocate for American innovation and manufacturing, as evidenced by the fact that every new iPhone and Apple Watch, for the first time, will contain cover glass made in Kentucky.
- The decision by Apple to invest an additional $100 billion in the U.S. and expand its domestic operations will accelerate American manufacturing, increase the domestic supply chain, create over 20,000 new jobs, and boost production of critical components used globally in Apple products. This will encompass projects such as a new Smart Glass production line in Kentucky, a server manufacturing facility in Houston, several data centers nationwide, and a manufacturing academy in Detroit.
