President-elect Trump claims Apple CEO Tim Cook informed him of a significant investment plan in the US following their recent conversation. This potential investment comes amidst a string of major economic commitments to the country, including SoftBank's $100 billion pledge and DAMAC's $20 billion data center project.
President-elect Trump , on the eve of his inauguration, revealed that he had spoken with Apple CEO Tim Cook, hinting at a potentially substantial investment by the world's most valuable company in the United States. During his Make America Great Again Victory Rally in Washington D.C. on Sunday, Trump stated, 'I spoke with Tim Cook of Apple . He said they're going to make a massive investment in the United States because of our big election win.
' Apple did not immediately respond to FOX Business' request for comment. This wouldn't be the first instance of collaboration between the two. In 2019, during Trump's first term, Cook served as a member of the American Workforce Policy Advisory Board. Since securing both the electoral and popular vote on November 5th, Trump has attracted two major investments in the U.S. Firstly, SoftBank has pledged $100 billion 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, emerging technologies and other industries of tomorrow are built, created and grown right here in the USA,' Trump announced in December. The second commitment comes from DAMAC, a $20 billion investment to build data centers. Trump enthusiastically stated, 'I'm thrilled to announce today that DAMAC will be investing at least $20 billion over a very short period of time into the United States, and they may go double or even somewhat more than double that amount of money. That's a great thing.' The initial phase of the data center project will span Texas, Arizona, Oklahoma, Louisiana, Ohio, Illinois, Michigan, and Indiana, according to Trump. Following the election, numerous CEOs have dined with Trump at his Mar-a-Lago residence in Florida, including Meta's Mark Zuckerberg, Google's Sundar Pichai, and Walmart's Doug McMillion. Trump also alluded to rising optimism within the economy, with small business confidence reaching a 39-year high and positive performance in the stock market. Since his victory, the S&P 500 has surged nearly 4%, the Dow Jones Industrial Average 3%, and the Nasdaq Composite 6%. He also noted the impressive climb of Bitcoin, the largest cryptocurrency by market value, which was trading above $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 valuation of $4 trillion before retracing from that milestone. FOX Business' Eric Revell and Fox News' Greg Norman contributed to this report
APPLE INVESTMENT TIM COOK TRUMP ECONOMIC GROWTH TECHNOLOGY
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Apple CEO Tim Cook Donates $1 Million to Trump InaugurationTim Cook, CEO of Apple, has joined other tech executives like Sam Altman, Jeff Bezos, and Meta in donating $1 million to President-elect Donald Trump's inauguration committee.
Read more »
Apple CEO Tim Cook Donates $1 Million to Trump Inauguration FundApple CEO Tim Cook made a personal donation of $1 million to President-elect Donald Trump’s inauguration fund, aligning himself with other tech giants seeking to influence the new administration.
Read more »
Apple CEO Tim Cook Personally Donates $1 Million to Donald Trump’s Inauguration FundSource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Read more »
Trump speaks with Apple CEO Tim Cook, teases US investmentPresident-elect Trump told the nation Sunday that Apple under CEO Tim Cook may soon make an investment in the U.S., backing his promise to put America first.
Read more »
Apple CEO Tim Cook Earns $74.6 Million in Fiscal 2024Tim Cook's compensation package for fiscal 2024 totaled $74.6 million, a figure influenced by Apple's performance across its product lines, particularly the iPhone, and its growing services business.
Read more »
Apple’s Tim Cook joins list of tech CEOs courting TrumpPolitical News and Conservative Analysis About Congress, the President, and the Federal Government
Read more »