Trump talks with Apple CEO Tim Cook, investment coming.
President-elect Trump met with Apple CEO Tim Cook, who announced at the America’s Greatest Re-Victory Rally on Sunday that Cook plans to invest in the US, following DiMac and Softbank.
President-elect Trump spoke to Apple CEO Tim Cook on the eve of his inauguration and teased a possible move by the world’s most expensive company.
“I spoke with Tim Cook of the Apple company. He said that based on our big victory in the election, they will make a big investment in the United States,” he said Sunday in Washington, DC, during a great re-victory rally for America.
Apple did not immediately respond to Fox Business’ request for comment.
| Ticker | Security | last one | Change | change % |
|---|---|---|---|---|
| APL | APPLE INC. | 229.98 | +1.72 |
+0.75% |
This won’t be the first time the two have worked together. In the year In 2019, during Trump’s first term, Cook was a member of the US Workforce Policy Advisory Board.
President Trump speaks with Apple CEO Tim Cook at the first meeting of the US Workforce Policy Advisory Board in Washington, March 6, 2019. (AP Photo/Manuel Balce Ceneta)
In the year After winning the November 5 election and popular vote, Trump secured two major investments in USA First, with Softbank pledging $100 million to create 100,000 jobs.
“This historic investment is a great sign of confidence in America’s future. And it will help ensure that artificial intelligence, new technologies and other industries of tomorrow are built, created and thrive right here in America,” Trump announced in December.
President-elect Trump meets with SoftBank Chairman and CEO Masayoshi Son at Mar-a-Lago in Palm Beach, Fla. They gave their opinion on December 16. (Reuters/Brian Snyder)
The second DAMAC is a $20 billion commitment to build data centers.
What should you know about Damac?
“I’m very pleased to announce today that DAMAC will invest at least $20 billion into the United States in the short term, and they may double or slightly more than that. That’s a very good thing,” Trump said.
Trump said the first phase of the data center project will be in Texas, Arizona, Oklahoma, Louisiana, Ohio, Illinois, Michigan and Indiana.
After the election, several CEOs broke 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.
Walmart CEO met with Trump, discussed policies, economy
Trump spoke of optimism in the economy, small business confidence at a 39-year high and the stock market. After the win, the S&P 500 advanced 4%, the Dow Jones Industrial Average 3% and the Nasdaq Composite 6%.
Bitcoin has also seen a run. The largest crypto was trading at a market value north of $100,000 as of Sunday night.
As for Apple, its shares have rallied more than 20 percent over the past 12 months and recently flirted with a $4 trillion valuation before turning back from that milestone.
Tech leaders Bezos, Zuckerberg, Cook, Pichai seek face time with Trump
Eric Revel of Fox Business and Greg Norman of Fox News contributed to this report.
