Business
Apple Pledges US$100 Billion Investment Into US; Announces American Manufacturing Program
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AI Summary
Apple has pledged US$100 billion to US domestic investments over the next four years, bringing its total US investment to US$600 billion. This includes the launch of the American Manufacturing Program (AMA), partnering with 10 US companies to produce components for Apple products. The AMA involves building the world's largest smartphone glass factory in Kentucky and a multiyear agreement with Coherent for Face ID technology. While component manufacturing is increasing domestically, final assembly will remain overseas.
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