Apple Announces New Manufacturing Program with $400M Investment
Apple (AAPL) announced new members of its American Manufacturing Program, expanding the company's commitment to bring even more advanced manufacturing and critical component production to the United States. Apple is working with Bosch, Cirrus Logic (CRUS), TDK, and Qnity Electronics (Q) to manufacture essential materials and components in the U.S. for Apple products sold around the world, creating jobs and strengthening America's manufacturing capabilities, said Apple, adding that the company is planning to spend $400M for these new programs through 2030. "At Apple, we believe in the power of American innovation and manufacturing, and we're proud to partner with even more companies to produce critical components and cutting-edge materials for our products right here in the U.S. Today, we're joining with world-class partners like Bosch, Cirrus Logic, TDK, and Qnity Electronics to further expand Apple's U.S. supply chain through our American Manufacturing Program. This is another powerful example of what is possible when we invest in American ingenuity, and we're excited to build the future together," said Tim Cook, Apple's CEO.
