Apple’s huge investment in the United States helps Tech Dev prevent Trump from being hit by chip prices
The President added that companies that announce their intentions to invest in domestic manufacturing will be exempted from paying the chip tariff. However, there will be a separate import tax on devices, including semiconductions, such as smartphones, automobiles, and tablets that are sent to US chip manufacturers who have invested heavily in the United States as well as exempt. Taiwan’s National Development Council Minister, Liu Chen Chung, said today that TSMC will be exempted from 100 TE tariffs on chips.
Cook was with Trump when he announced a new chip tariff. | Image Credit apple
South Korean Minister of Commerce, Yu Han, told that imported chips imported into USMEDs through Samsung Electronics and SK Hanks will not target 100 US chips tariffs. The two firms have interestingly announced investment plans in the United States, Trump said, before the Oval Office, was not told before the announcement that he was about his plan to impose 100 % chip tariffs. The President said that Apple’s investment should be seen by other companies as an example of how they can avoid importing taxes on chips.
Apple has promised to spend a new US manufacturing program that plans to invest $ 100 billion, which will include a Kentucky -based factory operated by corning that can produce glass for future iPhone models. Since the first model was released in 2007, Corning has been a glass supplier for iPhone.
Apple had earlier said it would spend $ 500 billion to improve its domestic manufacturing facilities. Some of these money will be spent at a new factory in Houston to construct additional facilities for servers, suppliers based in Michigan, and suppliers in the states.
Apple is still not ready to make an iPhone in the US
As a result of any of these investments, Apple did not build an iPhone in the United States, which Trump wants. However, it seemed that President was happy with Apple’s promises. The president said about it Tim kick: “Look, he’s not investing like this anywhere in the world, not even closer. He’s coming back. I mean, Apple’s US is returning.” Currently, most of the new models of iPhone sold in the United States are gathered in India. However, Trump recently doubled prices on imports from the country, which has been reduced to 50 % to 50 %.
Even if Apple wants to produce an iPhone in the United States, it will take many years to build the factories needed to collect the device in the United States. Apple will have to train workers ready to take low -paying assembly jobs. The most difficult and most important task of all will be to collect the supply chain near the United States, which will be able to provide Apple in quantity and the supply needed to make the iPhone with the standard of demand.
As part of its Billion 600 billion investment in the United States, Apple Samsung’s Austin Fab will work on a new ways to develop chips that have not been used anywhere in the world. Apple says, “By bringing this technology to the United States first, it will provide convenience chips that will improve the strength and performance of Apple’s products, including iPhone devices all over the world.” In addition, Apple plans to buy chips from Samsung, which is developed by one of the subsequent Texas fibers.
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