Apple's Major US Investment Boost Sparks Economic Optimism
Apple commits to increase its US investments by $100 billion, bringing the total to $600 billion. President Trump hails this as a win for American manufacturing, enhancing national security. Previously, Trump criticized Apple's shift of iPhone production to India, pushing for more US-based operations.
- Country:
- United States
President Donald Trump is expected to commemorate Apple's pledge to increase its U.S. investments by an additional $100 billion at a White House event. This commitment marks a significant move in bolstering the country's manufacturing industry.
The new investment will elevate Apple's total domestic spending from $500 billion to $600 billion, a change seen as vital for restoring production of key components to fortify America's economic and national security, according to White House spokeswoman Taylor Rogers.
Earlier criticisms from Trump regarding Apple's shift of iPhone production to India influenced the company's latest decision. The plan includes enhancing the supply chain and advanced manufacturing operations within the U.S.
(With inputs from agencies.)
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