Apple has announced that it would spend an additional $100 billion in US investments, bringing its total investment commitment to the country to $600 billion over the next four years.
The announcement also includes the ambitious new American Manufacturing Program (AMP), dedicated to bringing even more of Apple’s supply chain and advanced manufacturing to the US through AMP
“Today, we’re proud to increase our investments across the United States to $600 billion over four years and launch our new American Manufacturing Program,” said Tim Cook, Apple’s CEO.
“This includes new and expanded work with 10 companies across America. They produce components that are used in Apple products sold all over the world, and we’re grateful to the President for his support.”
Apple parts and components manufactured in the US ship to customers around the world; in fact, roughly two-thirds of the components made in the US are exported to customers outside the US.
REUTERS/Christopher Ojilere