Samsung secures Apple's contract amidst Trump's escalating tariff threats towards semiconductors.
Apple Accelerates U.S. Manufacturing with $100 Billion Investment
In a significant move, tech giant Apple announced an additional $100 billion investment in U.S. manufacturing on April 15, as revealed by CEO Tim Cook and President Donald Trump. This investment is part of a broader $600 billion commitment over four years to boost domestic facilities, jobs, and advanced manufacturing.
The investment launch includes the new American Manufacturing Program (AMP), designed to bring more of Apple's supply chain and critical component production to the United States by incentivizing global partners to manufacture domestically. AMP aims to support work with at least 10 American companies producing components used worldwide in Apple products.
This ambitious project is expected to create approximately 20,000 new American jobs directly, with more jobs indirectly through suppliers. Apple already supports over 450,000 jobs nationwide and works with thousands of suppliers in all 50 states. Expansions are planned or underway in states such as Arizona, California, Iowa, Kentucky, Nevada, New York, North Carolina, Oregon, Texas, and Utah.
About two-thirds of the components made in the U.S. under Apple’s manufacturing are exported globally. The announcement aims to ease tensions around tariffs and domestic production pressures; Apple has incurred significant tariff costs and faces challenges shifting more production to the U.S., as highlighted by analysts and manufacturing experts.
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Samsung Electronics and SK hynix also made headlines recently. The Samsung Electronics logo was displayed at their office building in Seoul on April 15, while SK hynix's logo was visible on their product during the 26th Semiconductor Exhibition in Seoul on Oct. 23, 2024. These events were covered by the JoongAng Ilbo, further emphasizing the importance of the tech industry in South Korea.
The article was edited by the website staff of JoongAng Ilbo, and was translated using generative AI.
- The government and Apple, in collaboration, announced a significant $100 billion investment in U.S. technology and manufacturing, to be implemented over the next four years.
- The technology sector is in focus as Apple is boosting domestic business and creating jobs, revealing a broader plan to invest up to $600 billion, in an effort to stimulate advanced manufacturing.
- The investment launch, called the American Manufacturing Program (AMP), encourages global partners to manufacture in the U.S., aiming to incentivize 10 American companies that produce components for Apple products.
- The initiative seeks to address economic tensions by reorganizing the supply chain, with expectations of creating around 20,000 new jobs directly and more jobs indirectly through suppliers.
- Amidst expanding manufacturing activities in states like Arizona, California, Iowa, and others, analysts and experts are closely observing Apple's efforts in light of the challenges associated with shifting more production to the U.S. to avoid tariffs and other domestic pressures.
