President Donald Trump intends to bolster American economic prosperity by revitalizing U.S.-based manufacturing and has already achieved some major wins in that regard.

One such victory involves a deal announced this week for U.S.-based tech giant Apple to invest approximately $500 billion over four years in expanding its manufacturing capabilities and facilities in the U.S., according to the Daily Caller.

The announcement came just a few days after Trump met with Apple CEO Tim Cook and is just one of several major manufacturing investment commitments the president has secured since taking office a little more than a month ago.

Apple unveils $500 billion investment in U.S. manufacturing

In a press release on Monday, Apple revealed that it intends to invest and spend more than $500 billion over the next four years and to create upwards of 20,000 new jobs for Americans.

The investment includes plans to construct a new manufacturing facility in Houston, Texas to create advanced servers for Apple products, shifting production of those servers from foreign sources to the U.S.

Also included in the plan is a doubling of Apple's Advanced Manufacturing Fund from $5 billion to $10 billion; the creation of a new Apple Manufacturing Academy in Detroit, Michigan; the expansion of data centers in Arizona, Iowa, Nevada, North Carolina, and Oregon; the expansion of existing manufacturing capabilities for suppliers in dozens of U.S. states; and increased funding for U.S.-based research and development of artificial intelligence and silicon.

In a statement, Apple CEO Tim Cook said, "We are bullish on the future of American innovation, and we’re proud to build on our long-standing U.S. investments with this $500 billion commitment to our country’s future."

"From doubling our Advanced Manufacturing Fund, to building advanced technology in Texas, we’re thrilled to expand our support for American manufacturing," he added. "And we’ll keep working with people and companies across this country to help write an extraordinary new chapter in the history of American innovation."

Trump and White House herald Apple's announced investment

In a Monday morning Truth Social post, President Trump wrote, "Apple has just announced a record 500 billion dollar investment in the United States of America."

"The reason, faith in what we are doing, without which, they wouldn't be investing ten cents," he added. "Thank you Tim Cook and Apple!!!"

The Trump White House also weighed in with a news release that heralded Apple's "historic venture" to help create roughly 20,000 new American jobs and serve as a "landmark" step in the revitalization of U.S.-based manufacturing.

"It’s another watershed moment in President Trump’s commitment to usher in the new Golden Age of America," the White House proclaimed.

Moving manufacturing to the U.S. to avoid Trump's tariffs

According to the Daily Caller, one of the major impetuses of Apple's major investment is the company's desire to avoid the new tariffs President Trump has imposed on goods imported from foreign nations, including pending 25% tariffs on goods from Canada and Mexico and an additional 10% tariff on top of existing tariffs against China, where the vast majority of Apple's products were previously manufactured.

Trump seemed to indicate as much during a speech last week in which he hinted at the Apple deal without providing specific details, but said, "They’re going to build here instead because they don’t want to pay the tariffs," and added, "The tariffs are amazing."