Apple said Wednesday it plans to invest another $100 billion during the next four years to increase manufacturing in the US.
The company's wide-ranging announcement -- which was leaked early by the White House -- said it will now spend $600 billion to hire more US workers and expand some of its manufacturing across 10 states.
Apple CEO Tim Cook joined President Donald Trump at the White House on Wednesday to unveil its American Manufacturing Program. The program includes plans to develop 100% of the cover glass for its iPhone and Apple Watch products in Kentucky in partnership with Corning. Apple said it plans to commit $2.5 billion to that product effort alone.
"Every new iPhone and every new Apple Watch sold in the world will contain cover glass made in Kentucky," Cook said. iPhone cover glass is already being made at Corning's Harrodsburg, Kentucky, manufacturing facility, though it's not clear when 100% of the iPhone glass will be made there.
The Apple CEO said that the company plans to create an end-to-end silicon supply chain in the US, increasing the amount of chip design, manufacturing and packaging in the country.
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"American innovation is central to everything we do," Cook said. "We're growing and hiring here. We support 450,000 jobs with suppliers and partners in all 50 states."
In the announcement, Apple reiterated what it previously said in February -- that it was also planning to hire 20,000 US workers over that four-year time period.
Trump praised Apple and Cook in particular, calling him a "visionary" moments before questioning his athleticism.
The president also repeated his assertion that there will be 100% tariffs on semiconductors imported from other countries.
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