Apple (AAPL) is doubling down on its commitment to American manufacturing with an additional $100 billion investment, bringing its total pledge to $600 billion over the next four years. The move expands Apple’s American Manufacturing Program (AMP) and aims to bring supply chains back to the U.S. and boost local production.
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As part of this investment, the tech giant is partnering with key suppliers to build components for its devices in the United States. These include Corning (GLW), Coherent (COHR), GlobalWafers America, Applied Materials (AMAT), Texas Instruments (TXN), Samsung (SSNLF), GlobalFoundries (GFS), Amkor (AMKR), and Broadcom (AVGO).
AAPL stock was up 3.1% in the extended trading session.
AAPL Grows U.S. Tech Footprint with New Deals
Among the major deals, Apple is investing $2.5 billion with Corning to make Kentucky the global center for iPhone and Apple Watch glass. Every device will use a cover glass made in Harrodsburg, KY. Apple and Corning also plan to open an innovation center there to develop advanced materials and manufacturing tech.
Further, the iPhone maker is sourcing wafers from GlobalWafers in Texas, collaborating with Applied Materials to improve chipmaking tech, and working with Broadcom and GlobalFoundries to produce 5G parts and packaging solutions domestically.
At the same time, AAPL has teamed up with Samsung to bring a new, innovative chip-making technology to the U.S. for the first time. The partnership focuses on Samsung’s semiconductor plant in Austin, Texas, which will supply advanced chips to power future Apple products such as the iPhone.
Beyond components, Apple is growing its data center footprint in North Carolina, Iowa, Nevada, and Oregon to support services like iCloud, Apple Music, and Apple Intelligence.
While the investment does not shift full iPhone assembly to the U.S., it does represent a major step toward reducing reliance on overseas manufacturing. Lastly, the company will hire 20,000 people in areas like R&D, chip design, software, and AI to help develop its future products.
Is Apple a Buy, Sell, or Hold?
Turning to Wall Street, AAPL stock has a Moderate Buy consensus rating based on 15 Buys, 12 Holds, and one Sell assigned in the last three months. At $233.10, the average Apple stock price target implies a 9.31% upside potential.
