From Cheddar.

Apple’s U.S. investment just got an upgrade.

Apple is pouring another $100 billion into U.S. manufacturing, bringing its total domestic investment to $600 billion.

CEO Tim Cook joined President Trump at the White House to announce the plan, which focuses on expanding the U.S. supply chain and advanced manufacturing. But it does not mean iPhones will be made in America just yet.

This comes shortly after Apple’s $500 million deal with MP Materials to produce recycled magnets for iPhones in Texas. The stock rose 5% by midday Wednesday following the news.

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