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Apple Will Commit $100 Billion More to US Manufacturing, White House Source Says
CNETยท 2025-08-06 17:09
Core Viewpoint - Apple is set to increase its investment in US production by an additional $100 billion, raising total commitments from $500 billion to $600 billion over the next four years as part of a new agreement with the US government [1][2]. Group 1: Investment and Employment - The new investment plan will include hiring 20,000 US workers over the same four-year period [2]. - The announcement is expected to be made at an event featuring Apple CEO Tim Cook [3]. Group 2: Production Strategy - Apple is adjusting its production strategy in response to high tariffs on imports from countries where it traditionally manufactures its products, such as China [4]. - The company has begun relocating some production to countries like India and Vietnam to mitigate tariff impacts and reduce dependence on Chinese supply chains [5]. - Apple aims to avoid significant price increases on its products, particularly with the upcoming launch of the iPhone 17 in September [5].