Apple commits an additional $100 billion to US manufacturing, raising its total to $600 billion over four years in a bid to ease tariffs and boost local production.

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The White House said the pledge would bring more of the company’s supply chain and advanced manufacturing to the United States.

President Donald Trump announced on Wednesday that Apple will invest an additional $100 billion in the United States, a move that could help it sidestep potential tariffs on iPhones.

Apple made a big pledge at a White House event. But the logistics of creating a gadget like the iPhone, and managing its cost, are complex.

Apple stock gained 3.2% Thursday, a second day of solid gains, after President Trump said late Wednesday the iPhone maker and other tech companies could avoid 100% chip tariffs by [investing in U.S. m

Global technology stocks advanced on Thursday in a relief rally after the latest tariff salvo from U.S. President Donald Trump largely exempted industry heavyweights from his threat to impose 100% levy on chips and semiconductors.

Apple said Wednesday it plans to invest another $100 billion during the next four years to increase manufacturing in the US. The company's wide-ranging announcement -- which was leaked early by the White House -- said it will now spend $600 billion to hire more US workers and expand some of its manufacturing across 10 states.