Shortly after unveiling a series of reciprocal tariffs, President Trump highlighted the significant domestic investments from major tech firms, including Apple (AAPL), Nvidia (NVDA), and others, who are committing billions to bolster their operations in the United States.
“Apple is set to invest $500 billion. They’ve never invested at this scale domestically,” Trump remarked, referring to the company’s intentions to enhance its US operations over the next four years, which include plans for a new manufacturing facility, an increase in its advanced manufacturing fund, and the creation of 20,000 jobs.
He mentioned that Apple’s investment would be complemented by similar commitments from Oracle (ORCL), OpenAI, the creator of ChatGPT, and Japan’s SoftBank (9984.T) — a reference to the $500 billion ‘Stargate’ AI initiative introduced earlier this year.
At that time, Trump asserted that this venture would generate “over 100,000 American jobs almost immediately.”
Furthermore, “Nvidia, a rapidly growing company, is sinking hundreds of billions into the US supply chain,” Trump stated. Additionally, “TSMC — the largest and most critical chip company in Taiwan — is investing $200 billion without any assistance from us.”
Last month, TSMC (TSM) announced plans for an extra $100 billion investment in advanced semiconductor manufacturing within the US, supplementing its ongoing $65 billion investment in manufacturing operations in Phoenix, Arizona.
“They expressed that the reasons were primarily the election on November 5 and secondarily the tariffs,” Trump noted. “They want to avoid paying tariffs, and the solution to that is to establish their factories here.”
Following Trump’s speech, semiconductor stocks fell during after-hours trading, mirroring the trend in the broader market.
