Shortly after introducing broad reciprocal tariffs, President Trump highlighted significant domestic investments from major tech companies, including Apple (AAPL) and Nvidia (NVDA), which have committed billions to enhance their presence in the United States.
“Apple plans to invest $500 billion. They’ve never invested this amount here before,” Trump stated, referring to the company’s initiative to bolster its US operations over the next four years, including the construction of a new manufacturing plant, an increase in its advanced manufacturing fund, and the creation of 20,000 jobs.
Trump mentioned that Apple’s investment would be complemented by contributions from Oracle (ORCL), OpenAI, and SoftBank (9984.T), highlighting the $500 billion ‘Stargate’ AI project announced earlier this year.
At that time, Trump asserted that this venture would generate “over 100,000 American jobs almost immediately.”
Furthermore, Trump remarked, “Nvidia, a thriving company, is pouring hundreds of billions of dollars” into the US supply chain. He also noted that “TSMC — the largest and most critical chip company from Taiwan — is investing $200 billion without any investment from us.”
Last month, TSMC (TSM) revealed plans for an additional $100 billion investment in advanced semiconductor manufacturing in the US, supplementing its ongoing $65 billion commitment to its operations in Phoenix, Arizona.
“They indicated that the reasons were No. 1, the election on Nov. 5, and No. 2, the tariffs,” Trump stated. “They want to avoid the tariffs, and their solution is to build their facilities here.”
After Trump’s announcement, semiconductor stocks experienced a downturn in after-hours trading, mirroring the overall market reaction.
