Tim Cook says Apple's $600 billion factory build out will create a 'domino effect.' But the tech giant still isn't building iPhones in America | Fortune

""We can't be everywhere. I wish we could, but we are putting $600 billion to work in the next four years," Cook told CNBC 's Jim Cramer during a TV interview on Monday. "And so it is an extraordinary commitment." Cook suggested Apple's "extraordinary commitment" over the next four years to build 79 factories in the states could bring more businesses to the communities they are built in."

"Apple has manufactured iPhones outside the U.S. since the product's inception in 2007, with the vast majority of assembly taking place in China at massive Foxconn facilities. Foxconn, a Taiwanese multinational electronics contract manufacturer, has a Zhengzhou plant that alone employs roughly 350,000 workers, produces up to 500,000 iPhones a day, and helps drive large-scale economic growth in central China."

Apple will invest $600 billion over the next four years to build 79 factories across the United States, aiming to increase domestic manufacturing capacity. The planned investment is described as an extraordinary commitment intended to create a ripple effect that attracts more businesses to local communities and stimulates a domino effect of economic activity. Historically, iPhone assembly has occurred largely in China at major Foxconn facilities, including a Zhengzhou plant employing roughly 350,000 workers and producing up to 500,000 iPhones daily. Apple currently manufactures about 80% of iPhones purchased in the U.S. in China, while shifting some supply chains to India to avoid tariffs.

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