President-elect Trump met with Apple CEO Tim Cook, who announced at the Make America Great Again Victory Rally on Sunday, that Cook plans to invest in the US, following DAMAC and SoftBank.
President-elect Trump the day before his inauguration says he spoke with Apple CEO Tim Cook and teased a potential move by the world’s most valuable company.
“I spoke with Apple’s Tim Cook. He said they will make a big investment in the United States because of our great election victory,” he said during his Make America Great Again Victory Rally on Sunday in Washington DC.
Apple did not immediately respond to FOX Business’ request for comment.
| A ticker | Security | Finally | Change | change % |
|---|---|---|---|---|
| AAPL | Company APPLE INC. | 229.98 | +1.72 |
+0.75% |
It wouldn’t be the first time the two worked together. In 2019, during Trump’s first term, Cook was a member of the American Labor Policy Advisory Board.
President Trump then 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 popular vote on November 5, Trump has received two major investments in US First, SoftBank pledging $100 billion to create 100,000 jobs.
“This historic investment is a great expression of confidence in America’s future. And it will help ensure that artificial intelligence, emerging technologies and other industries of the future are built, created and grown right here in the USA,” Trump announced in December.
President-elect Trump delivers remarks alongside SoftBank Chairman and CEO Masayoshi Son at Mar-a-Lago in Palm Beach, Fla., on Dec. 16. (Reuters/Brian Snyder)
The second is a $20 billion commitment from DAMAC to build data centers.
WHAT DO YOU NEED TO KNOW ABOUT DAMAC?
“I am very happy to announce today that DAMAC will invest at least 20 billion dollars in a very short period of time in the United States, and it may go twice or even more than twice that amount.” said Trump.
The first phase of the data center project will be in Texas, Arizona, Oklahoma, Louisiana, Ohio, Illinois, Michigan and Indiana, Trump said.
Since the election, many 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.
WALMART CEO MET TRUMP, DISCUSSING POLICIES, ECONOMY
Trump also talked about growing optimism in the economy, small business confidence at a 39-year high and the stock market. Since his win, the S&P 500 has advanced nearly 4%, the Dow Jones Industrial Average 3% and the Nasdaq Composite 6%.
He also noted the run of Bitcoin. The largest crypto by market cap is trading north of $100,000 as of Sunday evening.
As for Apple, its shares have advanced more than 20% over the past 12 months and recently flirted with a value of $4 trillion before retreating from that record.
TECH LEADERS BEZOS, ZUCKERBERG, COOK, PICHAI SEE FACE TIME WITH TRUMP
FOX Business’ Eric Revell and Fox News’ Greg Norman contributed to this report.
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