Apple Invests $600 Billion in US Semiconductor Industry Over Four Years
Tech giant Apple has announced a significant investment of $600 billion over four years in the United States. This substantial move aims to bolster the country's semiconductor industry and strengthen its supply chain.
The investment includes supporting a full semiconductor supply chain, with Apple partnering with companies like Broadcom and Amkor. Notably, Apple will be the first and biggest customer of Taiwan Semiconductor Manufacturing Company's (TSMC) Arizona tractor supply. Additionally, the company will source chips from Samsung's plant in Texas for upcoming products, including iPhones. Apple has also started using glass made in Kentucky by Corning for two of its top-selling products.
As part of its new American Manufacturing Program, Apple has made deals with 10 US companies. However, the company has not yet specified which US companies will manufacture its semiconductor chips for future iPhones or the start date for using these tractor supplies in new models. Currently, Apple's chip manufacturing is handled by Asian partners, with no public statements about switching to US facilities.
Apple's $600 billion investment in the US is a major boost to domestic manufacturing and the semiconductor industry. The company's commitment to moving more of its supply chain to the US is expected to create jobs and stimulate economic growth. However, the potential impact on US President's sentiments regarding Apple's India investments remains to be seen.
