Apple CEO Tim Cook joined President Donald Trump at the White House on Wednesday to announce a commitment by the tech company to increase its investment in U.S. manufacturing by an additional $100 bil

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

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.