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Apple Pledges to Flood the U.S. with $600 Billion Investment Over the Next Four Years — Announces Production of 19 Billion U.S.‑Made Chips Across 12 States This Year and Exclusive Use of American Rare‑Earth Magnets

August 7, 2025

Credit: The White House

President Donald Trump and Apple CEO Tim Cook announced an upgraded investment plan.

Apple is now committing $600 billion to the U.S. economy over the next four years, up from the original $500 billion pledge earlier this year.

At a White House press event, Apple CEO Tim Cook, standing alongside President Donald Trump, revealed that American manufacturers are on track to produce 19 billion chips for Apple this year across 24 factories in 12 states, while committing to source only U.S.-made rare-earth magnets for its devices.

Below is the full transcript of Tim Cook’s remarks at the Oval Office:

Tim Cook:
“Mr. President, thank you very much for having me here today. You’ve been a great advocate for American innovation and manufacturing, and I’m grateful for your leadership and your commitment.

That’s a commitment we share at Apple because American innovation is central to everything we do.

Our products are designed here, we’re hiring and growing here, and we support 450,000 jobs with thousands of suppliers and partners in all 50 states.

Earlier this year, we made our largest-ever spending commitment—$500 billion to the U.S. over the next four years. That’s already yielding results. Earlier this year, we broke ground on a new factory in Houston to make advanced AI servers. Just last month, the very first test unit rolled off that factory’s line, proudly made in America.

President Trump shared some kind words about that work, but he also asked us to think about what more we could commit to doing. And Mr. President, we took that challenge very seriously.

I’m glad to be here with you today, and I’m very proud to say that today we’re committing an additional $100 billion to the United States, bringing our total U.S. investment to $600 billion over the next four years.

As a part of this, we’re launching Apple’s American Manufacturing Program. It will drive even more production right here in America for critical components used in Apple products all around the world. And we’re thrilled to announce that we’ve already signed new agreements with 10 companies across America to do just that.

First, with today’s announcement, I’m proud to say that Apple is leading the creation of an end-to-end silicon supply chain right here in America—from design, to equipment, to wafer production, to fabrication, to packaging.

In Texas, we’re working with manufacturers like Texas Instruments, GlobalWafers America, and Applied Materials. We’re working with Amkor in Arizona, and Broadcom and GlobalFoundries in New York.

Thanks to President Trump’s vision—and with his help in his first term—we also led the way to bring TSMC to Arizona by committing to be their first and largest customer. Today, they’re producing tens of millions of chips for Apple using one of the most advanced process technologies in America today.

We’re going to keep working with our suppliers to move even more of this incredibly advanced work to America. And this year alone, American manufacturers are on track to make 19 billion chips for Apple in 24 factories across 12 different states.

Second, we’re committed to buying American-made advanced rare-earth magnets developed by MP Materials, which will become part of Apple’s devices shipped around the world.

MP is the only fully integrated rare-earth producer in the United States, and with this partnership, they’ll be significantly expanding their flagship facility in Fort Worth, Texas. We’re also thrilled to work together on a cutting-edge rare-earth recycling line in Mountain Pass, California.

And third, in Kentucky, we’ve worked with our partners at Corning to build the world’s largest and most advanced smartphone glass production line. And I’m pleased to announce that, very soon—for the first time ever—every single new iPhone and every single new Apple Watch sold anywhere in the world will contain cover glass made in Kentucky.

In addition to the American Manufacturing Program, we’re also significantly growing our investments in AI, including expanding data center capacity in North Carolina, Nevada, Iowa, Arizona, and Oregon.

We’re going to keep making investments right here in America. We’re going to keep hiring in America. And we’re going to keep building technologies at the heart of our products right here in America—because we’re a proud American company, and we believe deeply in the promise of this great nation.

Thank you all. And thank you, President Trump, for putting American innovation and American jobs front and center.”

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