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Technology
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Technology
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Apple invests another $100 billion in US manufacturing
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The iPhone maker is investing an additional $100 billion in manufacturing in the U.S., bringing its total investment to $600 billion, in an effort to increase domestic production and avoid tariffs.
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© Evan Vucci/Associated Press
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President Trump called the Apple investment a “significant step towards the ultimate goal of ensuring that iPhones sold in the United States of America are also made in America.”
“This is the largest investment Apple has ever made in America or anywhere else,” he said, alongside Apple CEO Tim Cook in the Oval Office. “And it’s just an honor to have you. As you know, Apple has been an investor in other countries a little bit— I won’t say which ones, but a couple— and they’re, they’re coming home.”
The announcement includes the launch of the American Manufacturing Program, which is dedicated to bringing more of Apple’s supply chain to the U.S. and involves the tech giant incentivizing other companies to manufacture more critical components domestically.
Trump said that investments will create more than 20,000 new American jobs and thousands of other jobs at Apple’s suppliers, like Samsung and Corning.
Cook, in the Oval Office, showed off a glass dish made in Kentucky, which was designed by a former Marine who works at Apple, that sits on a 24-karat gold base. He set it up on the Resolute Desk as a gift for Trump.
The Apple CEO announced that every new iPhone and Apple Watch sold anywhere in the world will contain cover glass made in Kentucky.
“We’re doing things in the United States instead of other countries. Far away countries,” Trump said.
The president then touted other private sector investments into U.S. manufacturing, including Nvidia, Micron Technology, IBM and SoftBank.
The Hill’s Alex Gangitano has more here.
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Welcome to The Hill’s Technology newsletter, I’m Julia Shapero — tracking the latest moves from Capitol Hill to Silicon Valley.
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How policy will be impacting the tech sector now and in the future:
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Trump says he will impose 100 percent tariff on semiconductors
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President Trump said Wednesday his administration was planning to impose a 100 percent tariff on all semiconductor imports. “We’re going to be putting a very large tariff on chips and semiconductors,” Trump said alongside Apple CEO Tim Cook. “But the good news, for companies like Apple, is if you’re building in the United States or have committed to build in the United States, there will be no charge,” Trump added. Trump …
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Meta bans millions of WhatsApp accounts linked to scam operations
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Meta took down 6.8 million WhatsApp accounts tied to scam operations on Tuesday after victims reported financial fraud schemes. The company said many of the scam sources were based in Southeast Asia at criminal scam centers. “Based on our investigative insights into the latest enforcement efforts, we proactively detected and took down accounts before scam centers were able to operationalize them,” Meta said in a Tuesday …
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OpenAI offers ChatGPT to federal agencies for $1 for the next year
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OpenAI said Tuesday it will offer ChatGPT to federal agencies for $1 a year as part of a new partnership with the General Services Administration (GSA). The announcement comes one day after the agency added OpenAI’s artificial intelligence (AI) model to its government purchasing system, alongside Google’s Gemini and Anthropic’s Claude. “One of the best ways to make sure AI works for everyone is to put it in the hands …
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Senate Republican questions new Intel CEO’s ties to China
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Sen. Tom Cotton (R-Ark.) on Tuesday pressed the chair of Intel’s board about its CEO’s ties to China, voicing concerns about the integrity of the semiconductor firm and U.S. national security. In a letter to Intel board Chair Frank Yeary, Cotton pointed to recent reporting on Lip-Bu Tan’s investments in hundreds of Chinese tech firms, at least eight of which have ties to the Chinese military, according to Reuters. …
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News we’ve flagged from the intersection of tech and other topics:
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Google commits $1 billion for AI training at U.S. universities (Reuters)
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OpenAI in talks with investors about share sale at $500 billion valuation (CNBC)
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Opinions related to tech submitted to The Hill:
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You’re all caught up. See you tomorrow!
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