President-elect Trump met with Apple CEO Tim Cook, which he announced at his Make America Great Again Victory Rally on Sunday, saying Cook plans to invest in the US, after DAMAC and SoftBank.
Ahead of his inauguration, President-elect Trump says he spoke with Apple CEO Tim Cook and teased a potential move by the world’s most valuable company.
“I spoke with Tim Cook from Apple. He said he’s going to make big investments in the United States because of our big election win,” he said during his Make America Great Again victory rally in Washington DC on Sunday
Apple is not immediately respond to FOX Business’ request for comment.
| Ticker | Safety | 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 served as a member of the US Workforce Policy Advisory Board.
Then-President Trump speaks with Apple CEO Tim Cook during the first meeting of the U.S. Workforce Policy Advisory Committee in Washington on March 6, 2019. (AP Photo/Manuel Balce Ceneta)
Since winning the election and the Nov. 5 election, Trump has secured two major investments in US First, SoftBank pledges $100 million 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, emerging technologies and other industries of tomorrow are built, created and grown right here in the US,” Trump announced in December.
President-elect Trump delivers remarks next to SoftBank Chairman and CEO Masayoshi Son at Mar-a-Lago in Palm Beach, Florida on December 16. (Reuters/Brian Snyder)
The second is DAMAC’s $20 billion commitment to build data centers.
“I’m thrilled to announce today that DAMAC will invest at least $20 billion in a very short period of time in the United States, and they could double or even more than double that amount of money. That’s a great thing,” Trump said.
The first phase of data center the 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 home in Mar-a-Lago, Florida, including Meta’s Mark Zuckerberg, Google’s Sundar Pichai and Walmart’s Doug McMillion.
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Trump also talked about growing optimism in the economy, small business confidence at a 39-year high and the stock market. Since his victory, the S&P 500 has advanced nearly 4%, the Dow Jones Industrial Average 3% and the Nasdaq Composite 6%.
He also noticed Bitcoin’s run. The largest cryptocurrency by market value is trading below $100,000 on Sunday night.
As regards Apple, its shares have advanced more than 20% over the past 12 months and recently flirted with a $4 trillion valuation before pulling back from that milestone.
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Eric Revell of FOX Business and Greg Norman of Fox News contributed to this report.
