Core Insights - Apple announced a new $100 billion commitment to increase investments in the U.S., raising its total commitment to $600 billion [1][2] - The investment includes a $2.5 billion allocation for producing all cover glass for iPhones and Apple Watches in Corning's Kentucky facility, ensuring 100% domestic production [1] - Analyst Daniel Ives views this investment as a strategic move to ease tensions with the Trump administration and secure long-term growth amid tariff pressures [2][3] Investment and Job Creation - The total planned U.S. investment of $600 billion over the next four years is expected to create 20,000 new jobs [2] - Ives highlighted the American Manufacturing Program as a key initiative to strengthen domestic supply chains, expanding partnerships with companies like Corning, Coherent, and MP Materials [3] Geopolitical Context and Production Challenges - The investment is seen as a timely response to geopolitical challenges, with Ives noting CEO Tim Cook's ability to balance diplomacy and leadership [3] - Despite the positive outlook, Ives expressed skepticism about the feasibility of mass-producing iPhones in the U.S. due to unfavorable cost structures compared to Asia and India, calling it "a fairy tale" [3][4] Future Projections - Ives expects Apple to continue investing in AI, Macs, U.S. manufacturing infrastructure, and services, but not in domestic iPhone production [4] - He projects that Apple will produce over 19 billion U.S.-made chips by 2025 through partnerships with various semiconductor companies [5] - Ives anticipates fourth-quarter revenue of $101.40 billion and EPS of $1.76 [5] Stock Performance - Following the announcement, Apple stock rose by 2.70% to $219.00 [6]

Core Insights - Coherent Corp. has entered a new multiyear strategic supply agreement with Apple, enhancing their long-term partnership [1][2] - The agreement focuses on the production of vertical-cavity surface-emitting lasers (VCSELs) essential for features like Face ID on Apple devices [1] - Coherent's manufacturing facility in Sherman, Texas, plays a crucial role in this production [1][2] Company Overview - Coherent is recognized as a global leader in photonics, providing technology that drives innovation across various industries [3] - The company operates in over 20 countries and offers a comprehensive technology stack and resilient supply chain [4] - Coherent's technology is utilized by industry leaders in data centers, communications, and industrial markets [3][4] Strategic Importance - The partnership with Apple is seen as a testament to the strength of their collaboration and commitment to advancing technology [2] - Apple's commitment to invest $600 billion in the U.S. over the next four years highlights the significance of American manufacturing and innovation [2] - Coherent's Sherman facility features advanced manufacturing platforms for next-generation optoelectronic applications [2]

Apple on Wednesday announced it will spend an additional $100 billion on U.S. companies and suppliers over the next four years.The company said its investment would incentivize overseas companies to buy more U.S.-made parts. The commitment is on top of a $500 billion announcement that Apple made in February.Apple said that it had created the so-called American Manufacturing Program that includes Corning, Coherent, GlobalWafers, Applied Materials, Texas Instruments, Samsung, GlobalFoundries, Amkor and Broadc ...

Apple CEO Tim Cook speaks during the Apple Worldwide Developers Conference (WWDC) on June 09, 2025 in Cupertino, California.Apple shares popped 5% Wednesday, ahead of an Oval Office event touting an update to the company's stated plans to spend and invest in the U.S.CEO Tim Cook will join President Donald Trump for the announcement set for 4:30 p.m. ET.Apple will up its previous commitment, made in February, from $500 billion to $600 billion over the next four years, a White House official told CNBC. It wil ...

Core Points - Apple CEO Tim Cook will announce a new $100 billion investment commitment in the U.S. alongside President Donald Trump [1] - The investment is part of a new "American Manufacturing Program," bringing Apple's total investment in the U.S. to $600 billion over the next four years [2] Group 1 - The announcement is scheduled for 4:30 p.m. ET in the Oval Office [2] - A White House official confirmed the details of the investment commitment to CNBC [2] - Bloomberg was the first to report on Apple's new investment pledge earlier on the same day [2]