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.

That’s not to say tariffs won’t hurt; CEO Tim Cook said tariffs will likely cost the company $1.1 billion this quarter. But analysts say Apple has bigger concerns, such as its future product strategy and approach to artificial intelligence, a burgeoning field that the tech behemoth is perceived to be behind in.

Apple has pledged R1.85 trillion to boost US manufacturing amid tariffs, with the move aimed at reducing foreign dependence and easing trade tensions.