President-elect Trump met with Apple CEO Tim Cook, who he announced at his Make America Great Again victory rally on Sunday, saying Cook plans to invest in the United States, following DAMAC and SoftBank.
President-elect Trump, on the eve of his inauguration, said he spoke with Apple CEO Tim Cook and discussed a possible move by the world’s most valuable company.
“I spoke with Tim Cook from Apple. He said they were going to make a massive investment in the United States because of our big election victory,” he said at his victory rally on Sunday “Make America Great Again” in Washington DC.
Apple did not immediately respond to FOX Business’ request for comment.
| Teleprinter | Security | Last | Change | Change % |
|---|---|---|---|---|
| AAPL | APPLE INC. | 229.98 | +1.72 |
+0.75% |
This wouldn’t be the first time the two have worked together. In 2019, during Trump’s first term, Cook was a member of the American Workforce Policy Advisory Board.
Then-President Trump speaks with Apple CEO Tim Cook during the first meeting of the American Workforce Policy Advisory Board in Washington on March 6, 2019. (AP Photo/Manuel Balce Ceneta)
Since winning the November 5 electoral and popular vote, Trump has secured two major investments in the United States: SoftBank pledges $100 million to create 100,000 jobs.
“This historic investment is a monumental demonstration of confidence in America’s future. And it will help ensure that artificial intelligence, the emerging technologies and other industries of tomorrow are built, created and grown right here in the United States,” Trump announced in December.
President-elect Trump delivers a speech alongside SoftBank Chairman and CEO Masayoshi Son at Mar-a-Lago in Palm Beach, Florida on December 16. (Reuters/Brian Snyder)
The second is a $20 billion commitment from DAMAC to build data centers.
“I’m excited to announce today that DAMAC will invest at least $20 billion over a very short period of time in the United States, and they could double, or even a little more than double, that amount. a good thing,” he added. ” Trump said.
The first phase of data center The project will take place in Texas, Arizona, Oklahoma, Louisiana, Ohio, Illinois, Michigan and Indiana, Trump said.
Since the election, numerous CEOs have broken bread with Trump at his Mar-a-Lago home in Florida, including Meta’s Mark Zuckerberg, Google’s Sundar Pichai and Walmart’s Doug McMillion.
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Trump also spoke of growing optimism about the economy, small business confidence at a 39-year high and the stock market. Since his victory, the S&P 500 has gained nearly 4%, the Dow Jones Industrial 3% and the Nasdaq Composite 6%.
He also highlighted the trend of Bitcoin. The largest crypto by market value is trading north of $100,000 as of Sunday evening.
As for Apple, its shares have has grown more than 20% over the past 12 months and recently flirted with a $4 trillion valuation before falling back from that milestone.
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Eric Revell of FOX Business and Greg Norman of Fox News contributed to this report.
