President Trump and Apple are expected to announce on Wednesday a $100 billion investment to boost manufacturing in the United States.

Trump is expected to make the announcement at 4 p.m. alongside Apple CEO Tim Cook.

The $100 billion will bring Apple’s total planned U.S. investments to $600 billion over the next four years.

“President Trump’s America First economic agenda has secured trillions of dollars in investments that support American jobs and bolster American businesses,” White House spokesperson Taylor Rogers said, according to Fox Business.

CBS News has more:

And it’s expected to include a new “American Manufacturing Program” focused on bringing more of Apple’s supply chain and advanced manufacturing to the U.S.

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White House spokesperson Taylor Rogers said in a statement that the announcement with Apple “will simultaneously help reshore the production of critical components to protect America’s economic and national security.”

The company announced in February that it would invest $500 billion in the U.S. over the next four years and hire 20,000 U.S.-based workers. Apple said then that it would build a new 250,000 square-foot manufacturing plant in Houston, set to open in 2026, that will make servers to power Apple’s AI services. The company also said it would establish an educational academy in Michigan focused on manufacturing and boost its investment in a fund aimed at fostering innovation across the U.S.

Bloomberg TV provided coverage:

Fox Business noted:

Through the AMP, Apple plans to increase its investment in the U.S. and incentivize global firms to manufacture more critical components in the U.S.

The White House has touted Apple as supporting over 450,000 jobs through its network of thousands of suppliers and partners across all 50 states.

Apple intends on expanding its teams and facilities in several U.S. states, including Michigan, Texas, California, Arizona, Nevada, Iowa, Oregon, North Carolina and Washington.

 

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