The most surprising news this morning is the 100% tariff imposed by the United States on chip and semiconductor imports which will have a huge impact on the Malaysian economy. It was announced by President Trump during a meeting with Apple CEO Tim Cook. So it is not surprising that Apple today announced an additional $100 billion in investment to increase their manufacturing capabilities in the United States.
Overall, Apple is committed to investing $600 billion over four years to bring more of its state-of-the-art supply chain and production to the United States. Through this investment, 20,000 new jobs will be created, mostly focused on research and development, silicon engineering, software development and artificial intelligence (AI) and machine learning (ML).
All glass for the iPhone and Apple Watch will be manufactured in the United States through their business partner Corning. Magnets with earth-centered elements will also be manufactured in the United States. Meanwhile, chips for various devices will be manufactured in Arizona through a factory owned by TSMC.