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In a major move, Apple announced Wednesday it is partnering with Corning to manufacture all of its iPhone and Apple Watch cover glass in Kentucky.

Apple will commit another $100 billion toward domestic manufacturing on Wednesday – a move that comes as the Trump administration slaps steep tariffs on India.

Apple has secured an exemption from the Trump administration's 100% semiconductor import tariff, but it's not clear how much this will impact Apple's bottom line.

The new investment — announced by Apple's Tim Cook — would increase the company's commitment to U.S. manufacturing to $600 billion over the next four years, a White House official said.