White House economic adviser Kevin Hassett announced on Wednesday that Apple was likely to make a significant investment pledge, framing it as part of a larger trend of companies and countries making financial commitments under President Donald Trump. “They’re moving here in droves. This is trillions and trillions of dollars of commitments for people to build new factories here. In fact, you’re likely to see one today from Apple,” Hassett stated in an interview with Fox Business Network.
According to a White House official, the announcement involves a new $100 billion commitment to U.S. manufacturing from Apple, which will be added to its previously announced $500 billion pledge, bringing the total to $600 billion over the next four years. This investment is intended to help relocate key parts of the Cupertino, California-based tech giant’s supply chain to the U.S.
Assistant White House Press Secretary Taylor Rogers confirmed the development in a statement, calling it “another win for our manufacturing industry that will simultaneously help reshore the production of critical components to protect America’s economic and national security.”
This latest commitment follows a period of intense pressure from Trump, who had threatened to impose a 25 percent tariff on Apple if it did not move its manufacturing efforts to the U.S. However, analysts remain skeptical about the feasibility of such a major shift. Dan Ives of Wedbush Securities noted that moving iPhone production to the U.S. would be a “fairy tale” that could take up to a decade and result in an iPhone costing as much as $3,500.
Apple has made large-scale investment pledges in the U.S. before, including a $350 billion commitment in 2018 during Trump’s first term and a $430 billion investment announced in 2021 under former President Joe Biden.
The new U.S.-focused investment comes after Apple had already announced plans in April to move the assembly of most of the phones it sells in the U.S. to India by the end of next year. This was an effort to reduce its reliance on China amid a trade war. The recent imposition of a 50 percent tariff by Trump on India over its Russian oil imports has now created new uncertainty around Apple’s plans in the country.
Apple’s stock surged on the news of the looming investment announcement, with shares trading under the ticker symbol APPL rising by more than 3.8 percent on Wednesday morning.
