Apple today announced that it will increase its investment in U.S. manufacturing to $60 billion (approximately RMB 4.31 trillion at current exchange rates), adding $10 billion to the $50 billion commitment made earlier this year for U.S. investments over four years.
Tim Cook, CEO of Apple, stated: "We are proud to announce that Apple will increase its investment in the United States to $60 billion over the next four years and launch the new American Made Plan (AMP). This plan will include new partnerships and expanded collaborations with 10 U.S.-based companies. These companies produce components widely used in Apple products, which are sold globally. We appreciate the President's support for our efforts."
Apple's American Made Plan (AMP) aims to bring advanced manufacturing to the United States. AMP partners include renowned companies such as Corning, Coherent, GlobalWafers America, Applied Materials, Amkor, Texas Instruments, Samsung, GlobalFoundries, and Broadcom.
As part of the plan, Apple intends to allocate $2.5 billion of AMP funds to expand its collaboration with Corning. Corning and Apple are partnering to build "the world's largest and most advanced production line for smartphone-grade [components]," which will be located at Corning's facility in Kentucky. Apple stated that 100% of the cover glass for iPhones and Apple Watches sold globally will "soon" be made in the United States. Additionally, Apple and Corning will jointly open an "Apple-Corning Innovation Center" dedicated to developing advanced materials and next-generation manufacturing platforms.
Apple is also collaborating with multiple other companies to further advance U.S. manufacturing. The full list of partners can be found on Apple's official website.
(Reprinted from China Grid https://news.eccn.com)