US EditionApple to Invest $100 Billion in US as Trump Doubles Down on 100% Tariffs on Semiconductors
UNITED STATES, AUG 7 – Apple plans to produce over 19 billion chips in the US by 2025 as part of a $100 billion investment supporting domestic manufacturing amid new 100% chip tariffs.
- On Wednesday, Apple announced a $100 billion US investment as President Donald Trump threatened 100% levies on imported chips and semiconductors.
- Earlier this year, the Trump administration pushed Apple to produce in the US and threatened tariffs unless they build domestically.
- Launching the American Manufacturing Program, Apple plans to produce over 19 billion chips in 2025 at 24 factories across 12 states.
- After the announcement, Apple’s shares rose 5% in regular trading and a further 25% after hours, while Intel and Nvidia also gained, with Nvidia extending a $1 trillion market-value increase.
- It remains uncertain whether iPhones made in India will avoid tariffs or prevent price hikes on next month’s models, as the policy exempts US-made chips and diverges from the CHIPS and Science Act.
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Stocks are jumping after Trump announced that companies that promise to build production in the US will avoid 100 percent tariffs on semiconductors. “The promises are free,” one expert says. And no one knows what the practical implications are.
·Stockholm, Sweden
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Apple Executive Director Tim Cook adds this gift to the investment of another $100 billion to expand the company’s production in the United States, thus avoiding (for now) 100% tariffs on all imported chips and semiconductors
·Spain
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Coverage Details
Total News Sources55
Leaning Left5Leaning Right9Center9Last UpdatedBias Distribution39% Center, 39% Right
Bias Distribution
- 39% of the sources are Center, 39% of the sources lean Right
39% Right
L 22%
C 39%
R 39%
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