Aug. 6 (UPI) -- Apple CEO Tim Cook will join President Donald Trump at the White House Wednesday to announce a $100 billion investment plan in the United States.
The announcement at the White house is set for 4:30 p.m. EDT Wednesday and includes Apple's commitment to a new "American Manufacturing Program," a White House official confirmed to CNBC. With this pledge, Apple's total investment in the country over the next four years totals $600 billion, the official said.
"President Trump's America First economic agenda has secured trillions of dollars in investments that support American jobs and bolster American businesses," White House spokesperson Taylor Rogers said in a statement to CNN. "Today's announcement with Apple is another win for our manufacturing industry that will simultaneously help reshore the production of critical components to protect America's economic and national security."
The investment will launch an American Manufacturing Program aimed at moving more of Apple's supply chain home to the United States. Another goal will be to incentivize other U.S. companies to make components here.
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