Trump described it as “the largest investment Apple has made in America.” The tech giant will boost spending on its domestic supply chain, including a new Kentucky facility producing iPhone screen glass.
Cook noted American manufacturers will produce 19 billion chips for Apple this year across 24 factories in 12 states. Trump linked the investment to his tariff policies encouraging domestic manufacturing.
Apple recently reported a $23.4 billion quarterly profit despite tariff-related cost increases.
The company pays import taxes on foreign-sourced iPhone components under Trump’s trade policies. - AFP
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