Tech CEOs Meet with Trump at the White House
WASHINGTON – On Wednesday, tech company leaders gathered at the White House with President Donald Trump to discuss their investment plans for the future.
Among those present were Dell’s CEO Michael Dell, HP’s CEO Enrique Lores, Qualcomm’s CEO Cristiano Amon, IBM’s CEO Arvind Krishna, and Antonio Neri, CEO of HP Enterprise.
During the meeting, President Trump asked each executive about their company’s investment commitments. Krishna highlighted that IBM plans to invest $150 billion.
Dell followed up, sharing that he and his wife, Susan, would contribute $6.25 billion to investment accounts for 25 million American children, though he didn’t specify exact figures or timelines for his company’s commitments, vaguely mentioning “hundreds of billions of dollars.” He noted that investments in U.S. companies to boost semiconductor production alone would be significant.
Trump reacted positively, saying, “That’s pretty good,” and remarked that $6 billion seemed small but acknowledged it was a “very good thing.”
Neri mentioned that HP Enterprise aims to invest an extra $3.5 billion in the coming years, focusing on secure manufacturing and partnerships with the Department of Defense and Department of Energy. He indicated that within 18 months, they plan to develop the five largest supercomputers to advance U.S. capabilities in life sciences and AI.
Lores pointed out that HP and HP Enterprise operate as distinct entities, with HP investing around $18 billion annually in the U.S. He projected that over the next five years, this figure could approach $100 billion, highlighting their commitment to AI across various devices.
He joked about the competition with Dell, noting their rivalry in the market. Amon didn’t disclose specific numbers, but discussed Qualcomm’s investments, stating that their technology would reach every major car manufacturer. He also emphasized the growth of robotics and the potential for new smart glasses to influence mobile technology.
In closing, President Trump noted that since he took office, a total of $18 trillion has been pledged for investment in the United States.
