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Apple Makes Major Announcement from the White House
Cheddar News
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5 months ago
Apple pledged a $100 billion investment in U.S. manufacturing, building on its earlier $500 billion commitment, bringing its total planned domestic spending.
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00:00
Apple pledged a $100 billion investment in U.S. manufacturing Wednesday, building on
00:05
its earlier $500 billion commitment.
00:08
The initiative includes forming new partnerships with Corning to produce iPhone and Apple
00:12
Watch cover glass in Kentucky, and with Samsung in Texas to spearhead an unprecedented form
00:18
of chip fabrication.
00:20
While the announcement carries political weight, the company is not shifting iPhone assembly
00:24
to the U.S., though it is promoting its domestic supply chain footprint.
00:29
Wall Street responded favorably to the news, with Apple's stock rising sharply, while analysts
00:34
note that much of the spending already aligns with previously announced plans.
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