06:41 AM EDT, 08/07/2025 (MT Newswires) -- Apple ( AAPL ) shares rose early Thursday as the technology giant announced plans to invest an additional $100 billion in the US and bring more of its supply chain and advanced manufacturing to the country, amid President Donald Trump's aim to impose 100% tariffs on semiconductor imports.

The extra $100 billion commitment will bring the iPhone maker's overall investment in the US to $600 billion over the next four years, it said late Wednesday. In February, the company said it will invest more than $500 billion in the world's largest economy.

Apple ( AAPL ) also unveiled a new American manufacturing program to expand manufacturing with its key suppliers, including Corning (GLW), Coherent (COHR), Applied Materials ( AMAT ) , Texas Instruments ( TXN ) and Samsung Electronics, with new and expanded facilities in Kentucky, Texas, Utah and Arizona.

"We're proud to increase our investments across the US to $600 billion over four years and launch our new American manufacturing program," Apple ( AAPL ) Chief Executive Tim Cook said in a statement. "This includes new and expanded work with 10 companies across America."

The stock gained 3.2% in the most recent premarket activity.

During a press event in the Oval Office on Wednesday, Trump reportedly said he will implement 100% tariffs on semiconductors manufactured outside the US, unless companies have made commitments to build chips in the country. "The good news for companies like Apple ( AAPL ) is, if you're building in the US, or have committed to build, without question, committed to build in the US, there will be no charge," Trump said, according to media reports.

Apple's ( AAPL ) increased spending commitment to the US is a "good step in the right direction," allowing it to be on Trump's "good side" amid his tariff agenda, Wedbush Securities said in a Wednesday client note. The iPhone maker is now in a "better standing position" with the US leader, but challenges remain as producing iPhones in the country is more costly than in Asia and India, according to the brokerage.

As part of the new manufacturing program initiative, Apple ( AAPL ) will spend $2.5 billion to produce all of the cover glass for its iPhones and Apple Watches at Corning's manufacturing facility in Harrodsburg, Kentucky.

Apple ( AAPL ) will also partner with GlobalWafers America to produce advanced wafers for US-based semiconductor fabrication plants. The company will collaborate with Samsung to launch new technology for chip making, and work with Broadcom ( AVGO ) and GlobalFoundries ( GFS ) to develop and manufacture additional cellular semiconductor components.

Last month, Apple ( AAPL ) agreed to buy rare earth magnets from MP Materials ( MP ) under a $500-million multiyear partnership deal.

"We're committed to supporting US suppliers involved in every key stage of the chip-making process -- from the earliest stages of research and development, to final fabrication and packaging," Chief Operating Officer Sabih Khan said. "We want America to lead in this critical industry."

Apple ( AAPL ) reiterated its plan to hire about 20,000 people in the next four years, with the majority of the positions to be focused on research and development, silicon engineering, AI and machine learning.