Apple will invest an additional $100 billion in the US, bringing the total investment to $600 billion over the next four years.

This was announced by US President Donald Trump, AFP reported. 

The Republican announced the increased commitment at the White House alongside the tech giant's CEO Tim Cook, calling it "the largest investment Apple has ever made in America."

"Apple will significantly increase spending on its domestic supply chain," the president added. He highlighted the new manufacturing facility for glass used in the production of iPhone screens in Kentucky.

In February, Apple announced that it would spend over $500 billion in the US and hire 20,000 people, with Trump quickly taking credit for the decision.

This is a continuation of plans announced in 2021, when the company founded by Steve Jobs said it would invest $430 billion in the country and create 20,000 jobs over the next five years.

"This year alone, US manufacturers are on track to produce 19 billion chips for Apple in 24 factories in 12 different states," Cook said in the Oval Office. 

Trump, who forced American companies to move their production to the US by imposing tariffs on trading partners, said the investment was due to his administration.

"This is an important step toward the ultimate goal... to ensure that iPhones sold in the United States are also manufactured in America," the Republican said.

Cook later clarified that while many iPhone components are manufactured in the US, the overall assembly of the iPhone will still be done overseas.

"If you look at the majority of it, we manufacture a lot of the semiconductors here, we manufacture the glass here, we manufacture the Face ID module here... and we do that for products sold in other parts of the world," the CEO said.

Apple reported quarterly profits of $23.4 billion at the end of July, exceeding forecasts despite higher costs due to Trump's massive tariffs. | BGNES