President-elect Trump said he spoke with Apple CEO Tim Cook on the eve of his inauguration and hinted at a possible move by the world's most valuable company.
“I spoke with Apple's Tim Cook, and he said he's going to make major investments in the United States because of the big election victory,” he said at the Make America Conference in Washington, D.C., on Sunday. Great Again,” he said at the victory rally.
Apple did not immediately respond to FOX Business' request for comment.
This isn't the first time the two have worked together. During President Trump's first term in 2019, Cook was a member of the U.S. Workforce Policy Advisory Council.
Since winning the electoral and popular vote on Nov. 5, Trump has secured two major investments in the United States. First, 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 ensure that artificial intelligence, emerging technologies, and other industries of tomorrow are built, created, and grown right here in the United States. “It will help us do that,” President Trump announced in December.
Second, DAMAC will spend $20 billion to build data centers.
“Today, I am pleased to announce that DAMAC intends to invest at least $20 billion in the United States in a very short period of time, with the potential to double or even slightly more than double that amount. That's great,” President Trump said.
President Trump said the first phase of data center projects will occur in Texas, Arizona, Oklahoma, Louisiana, Ohio, Illinois, Michigan and Indiana.
Since the election, a number of CEOs have met with Trump at his Mar-a-Lago, Florida, home, including Meta Inc.'s Mark Zuckerberg, Google Inc.'s Sundar Pichai and Walmart Inc.'s Doug McMillion.
President Trump also spoke 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 is up nearly 4%, the Dow Jones Industrial Average is up 3% and the Nasdaq Composite is up 6%.
He also mentioned the soaring price of Bitcoin. The largest cryptocurrency by market value was trading at more than $100,000 as of Sunday night.
As for Apple, the company's stock price has risen more than 20% in the past 12 months, and it recently pulled back from that milestone after toying with a $4 trillion valuation.
