President-elect Trump said he spoke with Apple CEO Tim Cook ahead of his inauguration and teased a potential move by the world's most valuable company.
“I talked to Apple's Tim Cook. He said they're going to invest heavily in the United States because of our big election win,” he said Sunday during a Make America Great Again rally in Washington.
Apple did not immediately Respond to FOX Business' request for comment.
Ticker | Security | End | To change | Change % |
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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 American Workforce Policy Advisory Council.
After winning the November 5 election and the popular vote, Trump made two major investments in the United States. SoftBank pledges $100 million Creating 100,000 jobs.
“This historic investment is a monumental display of faith in America's future. And it artificial intelligence, “Emerging technologies and other industries of tomorrow are built, created and grown right here in the United States,” Trump declared in December.
The second is DAMAC's $20 billion commitment to build data centers.
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“I'm pleased to announce today that DAMAC will be investing at least $20 billion in the United States in a very short period of time, and they can double that amount, if not more. That's a great thing,” Trump said.
The first stage data center The project will be in Texas, Arizona, Oklahoma, Louisiana, Ohio, Illinois, Michigan and Indiana, Trump said.
Since the election, many CEOs have broken bread with Trump at his Mar-a-Lago home in Florida, including Meta's Mark Zuckerberg, Google's Sundar Pichai and Walmart's Doug McMillion.
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Trump also talked about growing optimism in the economy, small business confidence at a 39-year high, and the stock market. After his victory, the S&P 500 advanced nearly 4%, the Dow Jones Industrial Average 3% and the Nasdaq Composite advanced 6%.
He also noted Bitcoin's run. The largest cryptocurrency by market cap was trading north of $100,000 late Sunday.
That's all Apple has its share has advanced more than 20% over the past 12 months and recently flirted with $4 trillion before retreating from that stage.
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FOX Business' Eric Revell and Fox News' Greg Norman contributed to this report.
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