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.

Apple CEO Tim Cook announced at the White House on Wednesday that his company will be investing an additional $100 billion in the U.S. economy, on top of the $500 billion it previously committed to invest over the next four years.

WASHINGTON (AP) — 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 billion over the next four years.