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 which will expand the company's domestic investment commitment and could help it sidestep potential tariffs on iPhones.

Trump announced "a very large tariff on chips and semiconductors," but said that companies investing in the U.S. like Apple would be exempted.