President-elect Trump met with Apple CEO Tim Cook, he announced at his Make America Great Again victory rally on Sunday, and said Cook plans to invest in the US after DAMAC and SoftBank.
President-elect Trump said on the eve of his inauguration that he spoke to Apple CEO Tim Cook and informed him of a possible move to the world’s most valuable company.
“I talked to Tim Cook of Apple. He said they’re going to invest in the United States in a big way because of our big election victory,” he said during the Make America Great Again victory rally in Washington, D.C., on Sunday.
Apple did not immediately Respond to Fox Business’ request for comment.
anchor | Security | Last | Change | Change % |
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AAPL | Apple Inc. | 229.98 | +1.72 |
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This will not be the first time that the two have worked together. In 2019, during Trump’s first term, Cook was a member of the US Workforce Policy Advisory Board.
Then-President Trump speaks with Apple CEO Tim Cook during the first meeting of the US Workforce Policy Advisory Board in Washington on March 6, 2019. (AP Photo/Manuel Balse Seneta)
Since winning the electoral and popular vote on November 5, Trump has achieved two major investments in the US, first, SoftBank is promising $100 billion To create 100,000 jobs.
“This historic investment is a monumental display of confidence in America’s future. And it will help ensure that.” artificial intelligence, Emerging technologies and other industries of the future are being created, manufactured and developed right here in the United States,” Trump announced in December.
President-elect Trump speaks with 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 the data center.
“I’m pleased to announce today that DAMAC will invest at least $20 billion in the United States in a very short period of time, and they may double that amount or even double that. That’s a great thing , Trump said.
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, several 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 meets Trump, talks about 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 victory, the S&P 500 has advanced nearly 4%, the Dow Jones Industrial has advanced 3% and the Nasdaq Composite has advanced 6%.
He also noted the progress of Bitcoin. The largest crypto by market cap was trading north of $100,000 as of Sunday evening.
related to Apple, its shares are It advanced more than 20% over the past 12 months and flirted with a $4 trillion valuation before recently retreating from that milestone.
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Fox Business’ Eric Revell and Fox News’ Greg Norman contributed to this report.