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Benzinga
Benzinga
Business
Anusuya Lahiri

Apple Wins Wall Street Backing As $600 Billion US Investment Eases Trump Tensions, Boosts Growth Plan

Apple Donald Trump Daniel Ives United States AAPL NYSE
Apple COO: Smart Manufacturing to Boost U.S. Business

Apple (NASDAQ:AAPL) on Wednesday announced a new $100 billion commitment to increase investments in the U.S., bringing the company's total commitment up to $600 billion.

As part of the expanded commitment, Apple announced a $2.5 billion investment to produce all of the cover glass for iPhones and Apple Watches in Corning's manufacturing facility in Kentucky. The commitment ensures that 100% of cover glass for iPhones and Apple Watches will be made in the U.S.

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