Tim Cook Full Speech: Apple Announces $100 billion expansion plan in U.S after tariff threat

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President Donald Trump has unveiled Apple’s staggering $100 billion expansion plan in the U.S., raising its total investment pledge to $600 billion over the next four years. The Oval Office announcement follows months of tariff threats from Trump, who recently floated a 25% tax on foreign-made Apple products. Apple CEO Tim Cook appeared alongside Trump and Commerce Secretary Howard Lutnick and presented a symbolic gold-based souvenir to mark the occasion. While the investment will expand Apple’s U.S. supply chain, it still falls short of Trump’s demand to manufacture iPhones domestically.    Cook noted that several components — including glass and chips — are already U.S.-made, but final assembly will stay overseas “for a while.” Experts say the move is both a savvy PR maneuver and a strategic way to sidestep future tariff risks. Apple shares closed up 5%, with suppliers like Corning and Applied Materials also surging after the blockbuster announcement.    #Apple #Trump #TimCook #AppleInvestment #MadeInUSA #AppleNews #TechInAmerica #iPhoneManufacturing #TrumpTariffs #TrumpAnnouncement #OvalOffice #GoldGift #USJobs #SupplyChain #AppleShares #TariffThreat #TimCookTrump #Corning #Samsung #Semiconductors  ~HT.318~GR.122~

Transcript

00:00Good afternoon, everyone. Mr. President, thank you very much for having me here today.

00:06You've been a great advocate for American innovation and manufacturing,

00:10and I'm grateful for your leadership and your commitment.

00:14That's a commitment we share at Apple, because American innovation is central to everything we do.

00:20Our products are designed here, we're hiring and growing here,

00:24and we support 450,000 jobs with thousands of suppliers and partners in all 50 states.

00:32Earlier this year, we made our largest ever spending commitment,

00:37$500 billion to the U.S. over the next four years.

00:41That's already yielding results.

00:43Earlier this year, we broke ground on a new factory in Houston to make advanced AI servers,

00:48and just last month, the very first test unit rolled off that factory's lawn,

00:53proudly made in America.

00:56President Trump shared some kind words about that work,

01:00but he also asked us to think about what more we could commit to doing.

01:05And, Mr. President, we took that challenge very seriously.

01:09I'm glad to be here with you today, and I'm very proud to say

01:13that today we're committing an additional $100 billion to the United States,

01:18bringing our total U.S. investment to $600 billion over the next four years.

01:23As a part of this, we're launching Apple's American manufacturing program.

01:29It will spur even more production right here in America

01:32for critical components used in Apple products all around the world.

01:38And we're thrilled to announce that we've already signed new agreements

01:41with 10 companies across America to do just that.

01:45First, with today's announcements, I'm proud to say that Apple is leading the creation

01:51of an end-to-end silicon supply chain right here in America,

01:57from design to equipment to wafer production to fabrication to packaging.

02:03In Texas, we're working with manufacturers like Texas Instruments, Global Wafers America,

02:09and Applied Materials.

02:11We're working with Amcor in Arizona and Broadcom and Global Foundries in New York.

02:17Thanks to President Trump's vision and with his help in his first term,

02:21we also led the way to bring TSMC to Arizona by committing to be their first and largest customer.

02:29Today, they're producing tens of millions of chips for Apple

02:34using one of the most advanced process technologies in America today.

02:39We're going to keep working with our suppliers to move even more of this incredibly advanced work to America.

02:46And this year alone, American manufacturers are on track to make 19 billion chips for Apple

02:54in 24 factories across 12 different states.

02:59Second, we're committed to buying American-made advanced rare earth magnets developed by MP Materials,

03:07which will become part of Apple's devices shipped around the world.

03:11MP is the only fully integrated rare earth producer in the United States,

03:16and with this partnership, they'll be significantly expanding their flagship facility in Fort Worth, Texas.

03:23We're also thrilled to work together on a cutting-edge rare earth recycling line in Mountain Pass, California.

03:32And third, in Kentucky, we've worked with our partners at Corning

03:36to build the world's largest and most advanced smartphone glass production line.

03:41And I'm pleased to announce that very soon, this is for the first time ever,

03:47every single new iPhone and every single new Apple watch sold anywhere in the world

03:53will contain cover glass made in Kentucky.

03:57In addition to the American manufacturing program,

04:00we're also significantly growing our investments in AI,

04:04including expanding data center capacity in North Carolina,

04:08in Nevada, in Iowa, in Arizona, in Oregon.

04:12So we're going to keep making investments right here in America.

04:16We're going to keep hiring in America.

04:18And we're going to keep building technologies at the heart of our products right here in America.

04:25Because we're a proud American company,

04:27and we believe deeply in the promise of this great nation.

04:31Thank you all, and thank you, President Trump,

04:34for putting American innovation and American jobs front and center.

04:39Thank you, sir.

04:40Great honor.

04:41Thank you very much.

04:41Appreciate it.

04:45Subscribe to One India and never miss an update.

04:50Download the One India app now.

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