Apple increases its mega-investment plan in the US to $519 billion

The technology company has pledged to expand its investment plan in the US over the next four years by an additional $100 billion, bringing the total to $600 billion (€519 billion).

This was announced early today by a White House spokeswoman , who confirmed that the technology company will announce it hours later with the goal of expanding its production and employment in the US.

Since Trump took office in January, American (and foreign) companies from sectors as diverse as automotive, pharmaceuticals, and technology have announced multi-million-dollar investment plans in the U.S. to expand domestic production and avoid , to the extent possible, the impact of the new U.S. administration's import tariffs .

With Apple's latest push, which will be announced hours before a new round of tariffs approved by Trump goes into effect tomorrow, the iPhone maker is trying to seek exemptions from the tariffs or avoid the worst effects of the trade war, since most of its flagship phone and other devices are manufactured in China and other Asian countries with cheaper labor.

In recent months, Trump has repeatedly criticized Apple for not manufacturing the iPhone and other devices in the US, and with the announcement of the new investments, the tech company is seeking to curry favor with the administration.

Apple CEO Tim Cook recently said the tariffs will cost him $1.1 billion this quarter, up from $800 million the previous quarter, which ended in June.

Apple is up nearly 6% mid-session on Wall Street, with a market capitalization of around $3.2 trillion.