The announcement is set to take place Wednesday afternoon in the Oval Office, according to reports. Apple and President Donald Trump are set to announce a $100 billion spending investment for domestic manufacturing, Bloomberg was first to report. Related: 'Money Is Pouring In': President Donald Trump Announces Hyundai, Other Companies Investing Billions in U.S. The announcement will take place in the Oval Office at 4:30 p.m., a source told CNBC. "Today's announcement with Apple is another win for our manufacturing industry that will simultaneously help reshore the production of critical components to protect America's economic and national security," Rogers continued.