financetom
Business
financetom
/
Business
/
White House official: Apple to announce $100 bln pledge
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
White House official: Apple to announce $100 bln pledge
Aug 6, 2025 6:56 AM

WASHINGTON, Aug 6 (Reuters) -

Apple Inc ( AAPL ) will announce a domestic manufacturing

pledge of $100 billion on Wednesday that will focus on bringing

more manufacturing to the United States, a White House official

said.

The pledge would be a new financial commitment on top of

what Apple ( AAPL ) has already pledged, the official said on customary

condition of anonymity.

Apple ( AAPL ) said in February it would spend $500 billion in

U.S. investments in the next four years that will include a

giant factory in Texas for artificial intelligence servers while

adding about 20,000 research and development jobs across the

country.

Apple ( AAPL ) did not immediately respond to requests for

comment.

Earlier, White House economic adviser Kevin Hassett said

Apple Inc ( AAPL ) was likely to make an investment announcement on

Wednesday, as he discussed the financial pledges made by

companies and countries under President Donald Trump.

"They're moving here in droves. This is trillions and

trillions of dollars of commitments for people to build new

factories here. In fact, you're likely to see one today from

Apple ( AAPL )," Hassett said in an interview with Fox Business Network.

He did not elaborate.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Copyright 2023-2026 - www.financetom.com All Rights Reserved