In a recent victory rally held ahead of his inauguration, President-elect Donald Trump revealed that he had a conversation with Apple CEO Tim Cook. Trump announced that Cook has pledged a significant new investment in the United States, attributing it to his recent election win.
Trump highlighted during the rally that several companies, including SoftBank, DAMAC, and notably Apple, are set to increase their investments in America. “I spoke with Tim Cook of Apple,” Trump said, “He said they’re going to make a massive investment in the United States because of our big election win.”
This statement comes as Apple continues to bolster its manufacturing footprint in the U.S., despite the bulk of its products like iPhones and Macs being assembled abroad, primarily in China. However, under the Biden administration, initiatives like the Chips Act have already started to shift some manufacturing back, with subsidies aiding companies like TSMC, a key Apple supplier, in establishing U.S. plants.
Trump did not delve into the specifics of this new investment commitment in terms of size or the nature of the investment. There has been no immediate response from Apple regarding these claims. This announcement also coincides with Cook’s donation of $1 million towards Trump’s inauguration, signaling a continued cooperative relationship between the tech giant and the incoming administration.
$AAPL Apple to make a massive investment in the US, Tim Cook tells Trump, announces at pre-inauguration rally
— LeverThatMedia (@startupxfactor) January 19, 2025