President-elect Trump met with Apple CEO Tim Cook, who he hailed at the America's Great Again rally, saying Cook is planning to invest in the US after DAMAC and SoftBank.
On the eve of his inauguration, President-elect Trump says he spoke with Apple CEO Tim Cook and criticized the move by the potentially world's most valuable company.
“I talked to Apple's Tim Cook. He said they're going to make a huge investment in the United States because of our big win in the election,” he said during his victory rally in Washington, D.C., on Sunday.
Apple didn't do it right away Respond to FOX Business' request for comment.
| ticker | security | the last | change | change % |
|---|---|---|---|---|
| AAPL | Apple Inc | 229.98 | +1.72 |
+0.75% |
This is not the first time the two have worked together. In 2019, during Trump's first term, Cook was a member of the US Workforce Policy Advisory Board.
President-elect 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 Balce Ceneta)
Since winning the popular vote on November 5, Trump has secured two major investments in America First. SoftBank has pledged $100 million To create 100 thousand jobs
This historic investment shows confidence in America's future and will help secure it artificial intelligence, Trump announced in December that the emerging technologies and other industries of tomorrow will be built, created and grown in America.
President-elect Trump speaks alongside SoftBank Chairman and CEO Masayoshi Son at Mar-a-Lago in Palm Beach, Florida on December 16. (Reuters/Brian Snyder)
The second is DAMAC's $20 billion commitment to build data centers.
What should we know about DAMAC?
“I'm happy to announce today that DAMAC will invest at least $20 billion in a very short period of time in the United States, and may go double or even slightly more than double that amount. That's a great thing. Trump said.
The first phase of data center Trump said the project would be in Texas, Arizona, Oklahoma, Louisiana, Ohio, Illinois, Michigan and Indiana.
Since the election, many CEOs, including Meta's Mark Zuckerberg, Google's Sundar Pichai and Walmart's Doug McMillion, have broken bread with Trump at his home in Mar-a-Lago, Florida.
Walmart CEO meets with Trump, politics, economy
Trump also spoke of increased 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 Average 3% and the Nasdaq Composite 6%.
He also mentioned the performance of Bitcoin. The largest crypto by market capitalization was trading north of $100,000 as of Sunday evening.
As for Apple is its stock It has advanced more than 20% over the past 12 months and recently flirted with a $4 trillion valuation before pulling back from that milestone.
Tech leaders Bezos, Zuckerberg, Cook, Pichai seek face time with Trump
Eric Rolle of FOX Business and Greg Norman of Fox News contributed to this report.