"Apple CEO Tim Cook has announced a $100 billion investment into U.S. manufacturing, increasing the company's total commitment to $600 billion over four years."
"During a visit to the Oval Office, Cook gifted Trump a customized glass plaque on a 24-karat gold stand, symbolizing his commitment to domestic production."
"Cook, known as the 'Trump Whisperer,' has built a strong rapport with the president, which aids in securing favorable business deals."
"The $100 billion commitment will expand Apple's long-term partnership with Corning, enhancing its American Manufacturing Program."
Apple CEO Tim Cook has pledged a $100 billion investment into U.S. manufacturing, enhancing Apple's commitment to domestic production to $600 billion over four years. This investment aims to strengthen Apple's 18-year collaboration with Corning, a New York company that produces glass for mobile devices. The announcement coincides with President Trump's plan to implement a 100% tariff on semiconductor chips, potentially increasing prices for various electronics. By boosting domestic manufacturing, Apple positions itself to avoid these tariffs and remain competitive.
Read at Fortune
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