Apple Pledges $100 Billion More for US Manufacturing Under New NIP

Apple has announced an extra $100 billion investment in the United States under its new “American Manufacturing Program.”

The initiative aims to boost Apple’s production within the country and reduce reliance on overseas suppliers. CEO Tim Cook said the move marks a major shift in Apple’s supply chain strategy. The company now wants to expand operations at home and support local industries.

This new investment adds to the $500 billion Apple committed in February 2025. Together, the total planned investment stands at $600 billion. Apple plans to complete the spending over the next four years. Cook explained that this step is part of Apple’s broader vision to support American innovation. It also highlights Apple’s long-term economic partnership with the U.S.

Tim Cook said the program will create millions of jobs nationwide. These include roles in factories, engineering, logistics, and technology hubs. Apple will build new production plants and expand partnerships with American suppliers. It also plans to open new centres for research and development. This will help grow the country’s tech infrastructure.

The announcement follows rising political pressure to bring tech production back to the U.S. In May, Donald Trump warned Apple of a 25% tariff on overseas-made products. This came after earlier policies that protected electronics from such taxes. The shift in approach could change how Apple manages its global operations.

Trump’s tariffs already cost Apple $800 million in the June quarter alone. This financial impact pushed Apple to rethink its manufacturing model. However, experts say that fully moving iPhone production to the U.S. is still unrealistic. Labour costs and global logistics remain major challenges. Apple may start with smaller components instead.

Despite these hurdles, investors welcomed the news with confidence. Apple’s shares rose 5% by the market’s close on Wednesday. Other tech-related companies also saw gains. Corning’s stock went up nearly 4% in after-hours trading. Applied Materials also gained almost 2%, showing broader support for domestic tech growth.