President-elect Trump spoke with Apple CEO Tim Cook, who announced at Sunday's Make America Great Again victory rally that Cook plans to follow DAMAC and SoftBank in investing in the United States. He said that
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 to Tim Cook from Apple, and he said he was going to make a major investment in the U.S. because we won a big election,” he said at a conference in Washington, D.C., on Sunday. Speaking at the Make America Great Again Victory Rally.
Apple did not immediately respond to FOX Business' request for comment.
| ticker | safety | last | change | change % |
|---|---|---|---|---|
| AAPL | Apple Inc. | 229.98 | +1.72 |
+0.75% |
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.
Then-President Trump speaks with Apple CEO Tim Cook during the first meeting of the U.S. Workforce Policy Advisory Board in Washington, March 6, 2019. (AP Photo/Manuel Balce Senator)
Since winning the electoral and popular votes on Nov. 5, Trump has secured two major investments in the United States. First, SoftBank has committed $100 million to creating 100,000 jobs.
“This historic investment is a monumental demonstration of confidence in America's future,” President Trump said in December. “This will help ensure that we grow.”
President-elect Trump speaks next to SoftBank Chairman and CEO Masayoshi Son at Mar-a-Lago in Palm Beach, Florida on December 16th. (Reuters/Brian Snyder)
Second, DAMAC will spend $20 billion to build data centers.
What should I know about Damac?
“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, perhaps double that amount, or even slightly more. “This is great,'' 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.
Walmart CEO meets with Trump to discuss policy and economy
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.
Tech leaders Bezos, Zuckerberg, Cook and Pichai aim to meet with President Trump
FOX Business' Eric Revell and Fox News' Greg Norman contributed to this report.
