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Trump Announces $100 Billion New Apple Investment Pledge to Boost U.S. Manufacturing

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President Donald Trump announced on Wednesday that Apple will invest an additional $100 billion in the United States over the next four years, raising its total U.S. investment commitment to $600 billion. This move aims to expand Apple’s domestic supply chain and advanced manufacturing footprint, potentially helping the company avoid U.S. tariffs on imported iPhones.

Trump emphasized that companies like Apple are “coming home,” framing the investment as a step toward his goal of ensuring iPhones sold in America are also made domestically. Apple CEO Tim Cook acknowledged that while many components such as semiconductors, glass, and Face ID modules are already produced in the U.S., final assembly of iPhones will continue overseas “for a while.”

Despite the significance of the pledge, analysts note it aligns with Apple’s typical spending patterns and echoes similar commitments made under both the Biden administration and Trump’s previous term. In May, Trump had threatened Apple with a 25% tariff on products manufactured abroad—a policy reversal that cost Apple $800 million in the recent quarter.

Apple’s history with U.S. manufacturing investments has been mixed. For example, a Texas factory touted in 2019 as a new site had been producing Apple computers since 2013 and later shifted production overseas. Most Apple products, including iPhones and iPads, continue to be manufactured mainly in Asia, although some production has moved to Vietnam, Thailand, and India.

Experts agree that full iPhone assembly in the U.S. is unrealistic due to high labor costs and complex global supply chains. Nancy Tengler, CEO of Laffer Tengler Investments, called the announcement “a savvy solution” to the president’s demand for domestic production.

Apple’s U.S. investment partners include specialty glass maker Corning, semiconductor equipment supplier Applied Materials, and chipmakers Texas Instruments, GlobalFoundries, Broadcom, and Samsung. Notably, Samsung will supply chips made at its Texas plant for Apple devices, while GlobalWafers will provide silicon wafers from its Texas facility.

Following the announcement, Apple shares rose 5%, Corning shares increased nearly 4%, and Applied Materials gained almost 2% in after-hours trading.

Shopify Raises Revenue Outlook on Strong Consumer Demand, Shares Jump 20%

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Shopify (SHOP.TO) forecasted upbeat quarterly revenue on Wednesday, citing resilient consumer demand and strong seller performance despite tariff pressures. The Canadian e-commerce platform’s shares surged 20% following the announcement.

Shopify’s merchant base showed steady growth through early August, building on a 31% revenue jump in the April-June quarter. The company’s results helped ease investor concerns over uncertainty caused by shifting U.S. trade policies under President Donald Trump.

“We haven’t seen any drops in U.S. demand, whether inbound, outbound or local. In fact, the U.S. accelerated in the second-quarter,” CFO Jeff Hoffmeister said on the post-earnings call, noting strong growth across all merchant segments. High-volume sellers with more than $50 million in annual gross merchandise volume (GMV), as well as smaller sellers under $2 million, performed particularly well.

Shopify also reported that many merchants have been raising prices, although specific details were not disclosed. This contrasts with e-commerce giant Amazon’s recent statement that it has yet to see a notable rise in prices despite strong retail results.

Analyst Charlie Miner of Third Bridge commented, “The tariff situation is still playing out… but there is clarity on how consumers will react, and Shopify appears largely unaffected so far.”

Looking ahead, Shopify expects third-quarter revenue growth in the mid- to high-twenties percentage range, above analysts’ consensus estimate of 21.54%, based on data from LSEG.

The company’s investments in artificial intelligence-powered tools to help merchants automate tasks such as website building, image generation, and sales data analysis are contributing to its momentum.

Emerson Electric Raises Profit Forecast on Lower Tariff Costs, Strong Demand

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Engineering solutions firm Emerson Electric (EMR.N) on Wednesday slightly increased its 2025 adjusted profit per share forecast to $6, citing reduced tariff-related cost risks and robust demand for its intelligent devices segment. Despite the positive outlook, the company’s shares fell over 7% in premarket trading.

Emerson’s intelligent devices business saw revenue rise 4% to $3.13 billion during the quarter, driven by increased demand for measurement, analytical components, and pressure-relief and safety valves. Overall quarterly net sales grew 4% to $4.55 billion, slightly below analyst expectations of $4.59 billion.

The company reported a third-quarter adjusted profit of $1.52 per share, narrowly beating the consensus estimate of $1.51 per share. Emerson attributed its updated sales guidance of approximately 3.5% growth to pricing actions supported by reduced tariff expense exposure.

Headquartered in St. Louis, Missouri, Emerson remains optimistic about steady growth supported by market demand and easing trade-related costs.