Apple CEO gifts Trump 24-karat gold keepsake, announces $100 billion manufacturing investment

Apple CEO Tim Cook presented a unique 24-karat gold-based glass artifact to former US President Donald Trump during a White House press conference on Wednesday. The moment preceded a major announcement — an additional USD 100 billion investment by Apple in US manufacturing.

The one-of-a-kind gift, crafted from Apple’s own production line, was introduced by Cook as a handcrafted piece by a former US Marine corporal who now works at the company. "This box was made in California, and this glass comes off the line. It’s engraved for President Trump. It’s a unique unit of one... And the base comes from Utah and is 24-karat gold,” said Cook while handing over the gift.

Following the presentation, Cook laid out Apple’s expanded commitment to strengthening its American manufacturing footprint. He revealed that the company will now exclusively use rare-earth magnets produced in the US, developed in partnership with MP Materials — the country’s only fully integrated rare-earth producer.

"This year alone, American manufacturers are on track to make 19 billion chips for Apple in 24 factories across 12 different states,” Cook said. "We’re committed to buying American-made and advanced rare-earth magnets developed by MP Materials, which will become part of Apple’s devices shipped around the world."

As part of this collaboration, MP Materials will significantly scale its Fort Worth, Texas, facility. Additionally, Apple and its partners are set to develop a cutting-edge rare-earth recycling facility in Mountain Pass, California.

The newly announced $100 billion investment adds to Apple’s existing commitment of USD 500 billion made earlier this year, taking its total US investment pledge to USD 600 billion over the next four years. The tech giant also plans to hire 20,000 workers across the country during this period.

Analysts suggest the move not only strengthens Apple’s domestic supply chain but also helps the company reduce exposure to rising tariffs on electronics and components imported into the U.S.