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Donald Trump: “Apple will help develop and manufacture semiconductors and…”

Featuring: Donald Trump, Republican | President of the United States | National

WATCH: Trump Hosts Apple's Tim Cook In The Oval Office, Announces Massive Investment In The U.S.

Published August 7, 2025 | Video Starts at 06:39

And build a brand new rare earth recycling line in Mountain Pass, California. I know that area. That's where they have a lot of truly rare earth. That's fantastic. I love that. And Apple will help develop and manufacture semiconductors and semiconductor equipment in Texas, Utah, Arizona and New York. For years, Americans have watched as many of our leading tech giants built their factories overseas and exported American jobs abroad. (06:39–06:47)

CLAIM

Asserts that Apple will develop and manufacture semiconductors in multiple U.S. states.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.

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Donald Trump

“Apple is announcing that it will invest $600 billion in the United States over the next four years.”
WATCH: Trump Hosts Apple's Tim Cook In The Oval Office, Announces Massive Investment In The U.S. | Uploaded August 7, 2025 | 01:21-01:27
“We have about $17 trillion coming into the United States, which is more than ever before.”
WATCH: Trump Hosts Apple's Tim Cook In The Oval Office, Announces Massive Investment In The U.S. | Uploaded August 7, 2025 | 02:09-02:16
“Nvidia is investing $500 billion to go along with Apple. $600 billion. $600 billion. Micron, great company is investing $200 billion.”
WATCH: Trump Hosts Apple's Tim Cook In The Oval Office, Announces Massive Investment In The U.S. | Uploaded August 7, 2025 | 09:21-09:34
“We just made a deal, as you know, with the EU where they're paying hundreds of billions of dollars, Japan paying hundreds of billions of…”
WATCH: Trump Hosts Apple's Tim Cook In The Oval Office, Announces Massive Investment In The U.S. | Uploaded August 7, 2025 | 11:53-12:02
“The shooter is now in custody and the Army Criminal Investigation Division is on site.”
WATCH: Trump Hosts Apple's Tim Cook In The Oval Office, Announces Massive Investment In The U.S. | Uploaded August 7, 2025 | 00:20-00:27
“These investments will directly create more than 20,000 brand new American jobs.”
WATCH: Trump Hosts Apple's Tim Cook In The Oval Office, Announces Massive Investment In The U.S. | Uploaded August 7, 2025 | 02:29-02:35
“Apple will build the largest and most sophisticated smart glass production line in the world in Harrodsburg, Kentucky.”
WATCH: Trump Hosts Apple's Tim Cook In The Oval Office, Announces Massive Investment In The U.S. | Uploaded August 7, 2025 | 02:45-03:02
“Apple will also build a 250,000 square foot server manufacturing facility in Houston.”
WATCH: Trump Hosts Apple's Tim Cook In The Oval Office, Announces Massive Investment In The U.S. | Uploaded August 7, 2025 | 04:40-04:48
“Apple will also open state of the art manufacturing academy in Detroit.”
WATCH: Trump Hosts Apple's Tim Cook In The Oval Office, Announces Massive Investment In The U.S. | Uploaded August 7, 2025 | 04:57-05:02
“No tax on tips, no tax on Social Security, no tax on overtime.”
WATCH: Trump Hosts Apple's Tim Cook In The Oval Office, Announces Massive Investment In The U.S. | Uploaded August 7, 2025 | 05:38-05:44
“They're going to be able to deduct interest when they borrow money to buy a car if it's made in America.”
WATCH: Trump Hosts Apple's Tim Cook In The Oval Office, Announces Massive Investment In The U.S. | Uploaded August 7, 2025 | 05:55-06:03
“I'm allowing them to build electric producing plants with their factory because otherwise they'd have to hook into the grid.”
WATCH: Trump Hosts Apple's Tim Cook In The Oval Office, Announces Massive Investment In The U.S. | Uploaded August 7, 2025 | 07:03-07:11
“They would need actually double the electricity that the country now produces for everything.”
WATCH: Trump Hosts Apple's Tim Cook In The Oval Office, Announces Massive Investment In The U.S. | Uploaded August 7, 2025 | 07:41-07:48
“Today's announcement is one of the largest commitments in what has become among the greatest investment booms in our nation's history.”
WATCH: Trump Hosts Apple's Tim Cook In The Oval Office, Announces Massive Investment In The U.S. | Uploaded August 7, 2025 | 08:31-08:39
“Last week it was announced that our economy grew at 3% in the second quarter and consumer confidence is surging.”
WATCH: Trump Hosts Apple's Tim Cook In The Oval Office, Announces Massive Investment In The U.S. | Uploaded August 7, 2025 | 10:09-10:16
“Gasoline is down. It's going to soon I believe be less than $2 a gallon. It's around $2.40 right now.”
WATCH: Trump Hosts Apple's Tim Cook In The Oval Office, Announces Massive Investment In The U.S. | Uploaded August 7, 2025 | 10:32-10:41
“We're taking in hundreds of billions of dollars in tariffs.”
WATCH: Trump Hosts Apple's Tim Cook In The Oval Office, Announces Massive Investment In The U.S. | Uploaded August 7, 2025 | 11:46-11:49
“We're going to be putting a very large tariff on chips and semiconductors.”
WATCH: Trump Hosts Apple's Tim Cook In The Oval Office, Announces Massive Investment In The U.S. | Uploaded August 7, 2025 | 12:45-12:53
“If you're building in the United States or have committed to build, without question committed to build in the United States, there will be…”
WATCH: Trump Hosts Apple's Tim Cook In The Oval Office, Announces Massive Investment In The U.S. | Uploaded August 7, 2025 | 12:55-13:05
“The chip companies are all coming back home. They're all coming back.”
WATCH: Trump Hosts Apple's Tim Cook In The Oval Office, Announces Massive Investment In The U.S. | Uploaded August 7, 2025 | 14:15-14:20
“We started with intel, and gradually intel was just taken over the. Over the coals. They were taken to the cleaners, frankly, and moved to…”
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