Apple Adds New Partners, To Invest $400 Mln To Expand US Manufacturing

RTTNews | 168 days ago
Apple Adds New Partners, To Invest $400 Mln To Expand US Manufacturing

(RTTNews) - Apple Inc. announced the addition of new partners to its American Manufacturing Program or AMP, aiming to expand advanced manufacturing and critical component production in America and strengthen the tech major's domestic supply chain.

Bosch, Cirrus Logic, TDK, and Qnity Electronics will join AMP, a key part of Apple's $600 billion, four-year commitment to U.S. manufacturing and innovation.

These new partners will manufacture essential materials and components in the U.S. for Apple products sold around the world. Apple plans to spend $400 million for these new programs through 2030, which will create jobs and strengthen the manufacturing capabilities in the country.

As per the new deal, TDK, Apple's longtime supplier, will manufacture sensors for Apple in the U.S. for the very first time. TDK's U.S. facility will supply TMR sensors in devices shipped all over the world. The firm will also increase the volume of chips that Apple will source from U.S. silicon supply chains.

Both companies have collaborated for over 30 years on various technologies, including advanced tunnel magnetoresistance or TMR sensors that support key iPhone features like camera stabilization.

Further, Apple, Bosch, and TSMC will work together to produce integrated circuits or ICs for Bosch's new sensing hardware at TSMC Washington in Camas, Washington. These ICs are essential for features like Crash Detection, Activity tracking, and elevation in Apple products.

The tech giant is also working with Cirrus Logic and GlobalFoundries to establish new semiconductor process technologies at GlobalFoundries' facility in Malta, New York. Apple noted that GlobalFoundries' newest silicon process will be available in the U.S. for the first time to enable key technologies for Apple products.

Under the collaboration, Cirrus Logic will develop mixed-signal solutions for a number of Apple applications, including advanced ICs to power Face ID systems.

In addition, Qnity Electronics and HD MicroSystems will provide cutting-edge materials and technologies essential for semiconductor manufacturing and advanced electronics.

AMP's initial partners in AMP include Amkor, Applied Materials, Broadcom, Coherent, Corning, GlobalFoundries, GlobalWafers America, MP Materials, Samsung, and Texas Instruments.

Apple noted that its US manufacturing partners are already working to achieve major milestones to expand advanced manufacturing in America and strengthen Apple's domestic supply chain.

Tim Cook, Apple's CEO, said, "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."

The iPhone maker last year had committed to invest $600 billion in the U.S. over the next four years. Earlier, U.S. President Donald Trump had threatened the tech firm with a 25% tariff on products manufactured overseas.

Apple's most products, including iPhones and iPads, are manufatured in Asia, primarily in China, while some production have been shifted to Vietnam, Thailand and India in recent years.

In late February, the Wall Street Journal reported quoting Sabih Khan, Apple's chief operating officer, that the company plans to move some production of its Mac Mini desktop computer to the U.S. from Asia as part of its efforts to reshore parts of its vast supply chain. The new manufacturing effort is expected to begin at a Foxconn facility in north Houston, Texas later in 2026.

Apple's Apple Manufacturing Academy, which was launched last fall in Detroit, provides small- and medium-sized manufacturers hands-on training in AI, automation, and smart manufacturing.

The academy has already supported nearly 150 businesses through dozens of free in-person training sessions and virtual programming.

read more
Apple Signs Over $30 Bln Worth Chip Deal With Broadcom To Boost U.S. Manufacturing

Apple Signs Over $30 Bln Worth Chip Deal With Broadcom To Boost U.S. Manufacturing

Tech major Apple Inc. announced a new multi-year, over $30 billion worth deal with chipmaker Broadcom Inc. to produce more than 15 billion U.S.-made chips, aiming to accelerate manufacturing in the U.S. In the pre-market hours on the Nasdaq, Apple is trading 0.15 percent lower at $310.20, while Broadcom is gaining 0.29 percent, trading at $371.84.
RTTNews | 64 days ago
Apple @ 50: Five Decades Of Reinvention

Apple @ 50: Five Decades Of Reinvention

April 1 marks 50 years of Apple Inc., the tech major whose inventions and innovations in the world of technology have brought a radical change in the lives of people over these years. Apple, which was founded on April 1, 1976 in a small garage by visionary Steve Jobs and others, has now become a tech titan offering consumer electronics, software and online services.
RTTNews | 162 days ago
Apple To Expand Renewable Energy Projects Across Europe

Apple To Expand Renewable Energy Projects Across Europe

Tech major Apple Inc. has unveiled a significant expansion of its renewable energy projects across Europe to boost energy capacity to match the electricity customers use to power its products. The new solar and wind projects, all enabled by Apple, will add 650 megawatts or MW of renewable energy capacity in various European countries, including Greece, Italy, Latvia, Poland, and Romania.
RTTNews | 332 days ago
Apple Shares Down On $900 Mln Tariff Hit, Despite Strong Q2, Dividend Growth, $100 Bln Buyback

Apple Shares Down On $900 Mln Tariff Hit, Despite Strong Q2, Dividend Growth, $100 Bln Buyback

Shares of apple inc. were down around 4 percent in the after-hours trading on Thursday after the tech major said it sees $900 million hit from tariffs in the third quarter, as it shifts U.S. iPhone supply to India from China. This was despite reporting higher profit in its second quarter, above market estimates, with strong growth in revenues. The company also announced higher dividend...
RTTNews | 497 days ago
Apple, Google Restore TikTok To App Stores

Apple, Google Restore TikTok To App Stores

Apple's and Alphabet's Google have restored TikTok, the popular short video app, to their mobile app stores in the United States, after President Donald Trump delayed a ban on the Chinese app after his inauguration, and gave assurance to its tech partners of no fine or further consequences.
RTTNews | 574 days ago
Apple Stock Gains On Upbeat Q1, Positive Outlook, Despite Weak IPhone, China Sales

Apple Stock Gains On Upbeat Q1, Positive Outlook, Despite Weak IPhone, China Sales

Apple Inc.'s shares gained more than 3 percent in the after-hours trading on Thursday after the tech major reported higher profit in its first quarter, above market estimates, with strong growth in net sales. This was despite weakness in iPhone and Wearables sales, as well as in China. The company also declared a cash dividend. Further, in its first-quarter earnings call, Apple said it expects...
RTTNews | 588 days ago
Indian Regulator Denies Apple's Request To Pause Antitrust Report

Indian Regulator Denies Apple's Request To Pause Antitrust Report

Apple Inc.'s request to put on hold an investigation report that found the tech major breaching competition laws has been denied by the Indian antitrust regulator, Reuters reported citing an internal order. The Competition Commission of India or CCI has turned down the request, following which the case on Apple's app store practices on its iOS operating system will continue.
RTTNews | 655 days ago
Regulator CFPB To Consider Apple Pay, Other Digital Payment Apps As Banks

Regulator CFPB To Consider Apple Pay, Other Digital Payment Apps As Banks

The US Consumer Financial Protection Bureau or CFPB has finalized a rule to supervise Apple Inc. and other major technology firms that offer digital funds transfer and payment wallet apps, and treat them more like banks. In a statement, the US consumer watchdog said the rule on federal oversight of popular digital payment apps by the largest non-bank companies is aimed to protect personal data...
RTTNews | 658 days ago