Apple announced Wednesday it is investing more than $30 billion in chip manufacturing in the U.S.
The investment, in partnership with Broadcom, is set to produce 15 billion chips, creating hundreds of U.S. jobs. Broadcom's facility in Fort Collins, Colorado, is expanding its capabilities to produce the chips.
"This is another major win for America and another sign that the Trump administration’s economic agenda is delivering results," a Trump administration official told Fox News Digital. "Apple has made investing in the United States a clear priority, and we hope other companies will follow its lead. We commend Apple for recognizing this opportunity and taking meaningful steps to strengthen America’s chip supply chain."
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Apple CEO Tim Cook touted its partnership with Broadcom and both companies' "commitment to American manufacturing and innovation."
"The cutting-edge components built in Fort Collins are essential to delivering the incredible performance and connectivity our customers expect, and we’re proud to deepen our investments in U.S.-based suppliers that share our commitment to excellence and innovation," Cook said in a statement. "We’re grateful to the President and his administration for supporting important projects like this."
"Broadcom is proud to continue to work with Apple after decades of success together, and we share a strong commitment to American innovation," Broadcom President and CEO Hock Tan stated. "With Apple’s newest commitment, we’re pleased to expand our manufacturing footprint in Fort Collins, where we create groundbreaking technology that connects people around the world."
Apple announced a whopping $600 billion investment in a four-year period since the beginning of the second Trump administration, including the manufacturing of AI servers at a facility in Houston.
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Apple previously told Fox News Digital in October that it was partnering with local contractors to build the facility, and is working closely with Houston City College to recruit and hire local talent.
A source familiar with the conversations told Fox News Digital that President Donald Trump made a direct appeal to Cook to "go big" on American jobs and reshoring its manufacturing base, and that Cook told the president he would "step up," which led to a commitment to the $600 billion investment in America.