Apple has committed to investing $600 billion in its U.S. manufacturing footprint over the next four years, which will see the addition of new factories, jobs, and supply chain opportunities for other companies. This investment news follows a recent pledge of $2.5 billion to expand its partnership with Corning and its Kentucky glass facility, which supplies Apple with the glass for its iPhones and Apple Watches.
Apple is also seeking out new and expanded relationships with others, including semiconductor manufacturers like Taiwan Semiconductor, Texas Instruments, and Applied Materials, to grow domestic chip production.
CEO Tim Cook has noted that investors see this as a positive move for Apple’s long-term position, while shareholders have not pushed back against the scale of the spending, particularly where it intends to strengthen local supply chains and improve domestic production.
