Explorer

Donald Trump mistaken that Apple building new plants in US

The US President Donald Trump has once again incorrectly claimed that Cupertino-based tech giant Apple is planning to build new manufacturing plants in the country.

Washington: The US President Donald Trump has once again incorrectly claimed that Cupertino-based tech giant Apple is planning to build new manufacturing plants in the country. During a speech at the White House on Friday that focused on the state of US economy, Trump said: "Apple alone is bringing in $230 billion and they're building new plants, they're building a magnificent campus, they're gonna be spending their money very wisely, but they're spending it in our country, not in some other country". "That was made possible by the new tax cut and reform plan," he added. In January 2017, Trump said he spoke to Apple CEO Tim Cook over phone and he promised to build "three big plants" in the US. But Cook never directly responded to that claim. What Apple actually announced in January was to contribute $350 billion to the US economy over the next five years that includes an estimated $55 billion investment in 2018. "The company plans to establish an Apple campus in a new location, which will initially house technical support for customers. The location of this new facility will be announced later in the year," Apple said. The investments will concentrate in three areas where Apple has had the greatest impact on job creation: direct employment by Apple, spending and investment with Apple's domestic suppliers and manufacturers, and fuelling the fast-growing app economy which Apple created with iPhone and the App Store. Apple, already the largest US taxpayer, anticipated repatriation tax payments of approximately $38 billion as required by recent changes to the tax law. As part of the total investment, Apple will spend an estimated $55 billion with US suppliers and manufacturers in 2018. Apple expects to invest over $30 billion in capital expenditures in the US over the next five years and create over 20,000 new jobs through hiring at existing campuses and opening a new one. Apple already employs 84,000 people in all 50 states. Over $10 billion of Apple's expanded capital expenditures will be investments in data centres across the US. "As it turned out, Trump was seemingly referring to the singular plant being built by Foxconn in Wisconsin, which started construction last month. The plant will make large LCD panels, not anything for Apple," reported 9to5mac.com.
View More
Advertisement

IPL Auction 2025

Most Expensive Players In The Squad
Virat Kohli
₹21 CR
Josh Hazlewood
₹12.50 CR
Phil Salt
₹11.50 CR
View all
Most Expensive Players In The Squad
Rishabh Pant
₹27 CR
Nicholas Pooran
₹21 CR
Ravi Bishnoi
₹11 CR
View all
Most Expensive Players In The Squad
Jasprit Bumrah
₹18 CR
Suryakumar Yadav
₹16.35 CR
Hardik Pandya
₹16.35 CR
View all
Most Expensive Players In The Squad
Heinrich Klaasen
₹23 CR
Pat Cummins
₹18 CR
Abhishek Sharma
₹14 CR
View all
Most Expensive Players In The Squad
Ruturaj Gaikwad
₹18 CR
Ravindra Jadeja
₹18 CR
Matheesha Pathirana
₹13 CR
View all
Most Expensive Players In The Squad
Shreyas Iyer
₹26.75 CR
Arshdeep Singh
₹18 CR
Yuzvendra Chahal
₹18 CR
View all
Most Expensive Players In The Squad
Sanju Samson
₹18 CR
Yashaswi Jaiswal
₹18 CR
Riyan Parag
₹14 CR
View all
Most Expensive Players In The Squad
Venkatesh Iyer
₹23.75 CR
Rinku Singh
₹13 CR
Varun Chakaravarthy
₹12 CR
View all
Most Expensive Players In The Squad
Rashid Khan
₹18 CR
Shubman Gill
₹16.50 CR
Jos Buttler
₹15.75 CR
View all
Most Expensive Players In The Squad
Axar Patel
₹16.50 CR
KL Rahul
₹14 CR
Kuldeep Yadav
₹13.25 CR
View all
Advertisement
25°C
New Delhi
Rain: 100mm
Humidity: 97%
Wind: WNW 47km/h
See Today's Weather
powered by
Accu Weather
Advertisement

Top Headlines

Bangladesh: 1 Dead, 10 Injured As Clash Breaks Out In Chattogram Court Area After Chinmoy Das’s Arrest
Bangladesh: 1 Dead, 10 Injured As Clash Breaks Out In Chattogram Court Area After Chinmoy Das’s Arrest
27 Arrested, CCTV Being Scanned, List Of 100 'Miscreants' Prepared: Police On Sambhal Violence
27 Arrested, CCTV Being Scanned, List Of 100 'Miscreants' Prepared: Police On Sambhal Violence
'Came Here For Blessings': Jharkhand CM-Designate Hemant Soren On Meeting Amit Shah, PM Modi
'Came Here For Blessings': Jharkhand CM-Designate Hemant Soren On Meeting Amit Shah, PM Modi
‘Tried To Be Within Maryaada, Didn’t Do Any Encroachment’: PM Modi Quips At Supreme Court Constitution Day Event
‘Tried To Be Within Maryaada, Didn’t Do Any Encroachment’: PM Modi Quips At Constitution Day Event
Advertisement
ABP Premium

Videos

FIR Filed Against Sambhal MP Ziaur Rahman, Statement Released Amidst ControversyFIR Filed Against Sambhal MP Ziaur Rahman and Local MLA's Son in Controversial CaseSambhal Violence Sparks Political Firestorm, Congress MP Imran Masood's Strong Remarks | ABP NewsBreaking News: SP Leader Ram Gopal Yadav Reacts to Sambhal Violence | ABP News

Photo Gallery

Embed widget