Apple has revealed its plans to put more money to the tune of $100 billion in US manufacturing commitments during a press event at the White House with President Donald Trump las 6 August.
The move follows Apple's prior US$ 500 billion investment in US spending, which includes working with partners to build an AI server plant in Texas.
Shares of Apple climbed more than 2 percent following the news.
Apple says that the US$ 100 billion announcement includes its new American Manufacturing Program, which the company says will incentivize global companies to build critical components in the US.
The tech giant says its first AMP partners will include Corning, Coherent, GlobalWafers America, Applied Materials, Texas Instruments, Samsung, GlobalFoundries, Amkor, and Broadcom.
"I love that you're doing this. I love that," Trump during the announcement, later adding, "We've got the hottest country anywhere in the world."
During the briefing, Cook presented President Trump with a disc made of Corning glass a top of a gold stand made by a former US Marine who is now an Apple employee.
As part of the investment, Apple is making a US$ 2.5 billion commitment to produce all of the cover glass for its iPhones and Apple Watches at Corning's Harrodsburg, Kentucky, manufacturing facility. The two companies will also work to open an Apple-Corning Innovation Center at the plant to help develop and engineer materials and next-generation manufacturing platforms for future Apple products.
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