A plan at 600 billion confirmed!
The CEO of Apple -Ssez nervous for this exercise – was held well alongside President Donald Trump during an event broadcast live from the White House at 4:30 p.m. (Washington time, 10:30 p.m. for us who turned into a well -past 23 hours). The two men in turn formalized the Apple investment program on American soil to strengthen local manufacturing and its supply chain.
Tim Cook benefited from a fairly substantial speaking timeeven if we suspect that everything was prepared in advance (the press release was online before the start of the broadcast). He also spoke during the questions of journalists on the subject of an American iPhone factory (was that planned?). It should also be noted that on this point Donald Trump quickly recovered the microphone.
The iPhone made in America will not happen anytime soon (And that everyone knew), but the American president now seems to agree with this for a few hundred (thousands?) Of billions of dollars. And ultimately, he won this point well by forcing companies to invest more in the USA. He will also have Obtained that one of the largest bosses in the country (and probably the most representative) puts his hand in his pocket and folds in front of him while praising American power. All this live from the White House!
“Thanks to the power of the American industry, any client -party in the world – who will buy an iPhone or an Apple Watch will have a precision glass made here even in Kentucky. »»
Tim Cook
And in detail?
Tonight Apple has formalized the details of its plan. The form therefore strengthens its industrial strategy in the United States With a total investment of $ 600 billion over four years: 100 billion this evening which are added to the 500 billion already promised at the start of the year -all over four years.
Today, we are proud to increase our investments in the United States and launch our new American Manufacturing Program program
said Tim Cook, during the official speech. This program aims to strengthen US production capacities (while thanking American President).
This news American Manufacturing Program aims to repatriate advanced industrial processes on American soil. Among the partners of this plan appear ten key companies, in particular Corning, Coherent, GlobalWafers America (GWA), Applied Materials, Texas Instruments (TI), SamsungGlobalFoundries, Amkor, et Broadcom. All produce components used in Apple products distributed on a global scale. The program is seen as a strategic response to the fragmentation of global supply chains and political pressures around industrial relocation.
Apple has already planned to devote $ 2.5 billion to the sole partnership with Corning, the historic manufacturer of Gorilla Glass glass. Together, they will build in Harrodsburg, in Kentucky, the greatest line of glass production for smartphones in the world.
So far and according to Tim Cook still, 100 % of the glasses of the iPhone and Apple Watch will be made in the United States. An Apple-Corning Innovation Center will also see the light of day, dedicated to the development of new materials and new generation manufacturing processes, thus consolidating an essential pillar of Apple’s industrial strategy.
And in the box?
And Donald Trump was even entitled to a last little gift from Tim Cook … the latter indeed gave him A commemorative plaque, a unique glass of glass made in Kentucky (by corning), mounted on a 24 -carat gold base from Uta.
The CEO said: This glass comes from the corning production line. He was engraved for President Trump. It is a unique copy in the world. It was designed by a corporal of the Marine Corps, a veteran, who is now working at Apple. And the base comes from Utah. And it’s 24 carat gold.