The announcement in the Oval Office, set for 4:30 p.m. ET, includes Apple’s commitment to a new “American Manufacturing Program,” a White House official confirmed to CNBC.

President Trump announced Apple will invest an additional $100 billion in the U.S., bringing its total to $600 billion over four years. At the event, CEO Tim Cook showcased a U.S.-made Apple product,

Apple CEO Tim Cook will reportedly join President Donald Trump at the White House today to announce Apple's burgeoning investment in the U.S. The tech giant is pledging another $100 billion to domestic manufacturing, according to Bloomberg. The announcement is bringing Apple's total commitment to $600 billion, the White House said.