Trump Says Apple's $500 Billion Investment Is Due To His Policies: 'Without Which, They Wouldn't Be Investing Ten Cents'

President Donald Trump took to social media to praise Apple Inc. AAPL for its record $500 billion investment in the U.S.

What Happened: On Monday, Trump took to his Truth Social platform to share the news. In a post, Trump said the move reflected the company’s “faith” in his administration's policies, stating, “Without which, they wouldn't be investing ten cents.”

Through a press release on Monday, Apple pledged to invest over $500 billion in the U.S. within the next four years, marking its largest-ever spending commitment. The tech giant also vowed to add 20,000 jobs to the nation.

Apple’s CEO, Tim Cook, expressed his confidence in the future of American innovation, stating, “We are bullish on the future of American innovation, and we're proud to build on our long-standing U.S. investments with this $500 billion commitment to our country's future.”

As a result of this investment, Apple and its partners will establish a new state-of-the-art manufacturing facility in Houston. This facility will produce servers to support Apple Intelligence, a system designed to assist users in various tasks.

The company also intends to expand its U.S. Advanced Manufacturing Fund, launch a training academy in Michigan, and boost its research and development efforts in advanced areas such as silicon engineering.

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Why It Matters: This announcement comes on the heels of a meeting between Cook and President Donald Trump, during which Cook reportedly assured Trump of Apple’s intention to shift its manufacturing from Mexico to the U.S. This significant investment pledge is seen as a concrete step towards fulfilling that promise, further solidifying Apple’s commitment to U.S. innovation and job creation.

This move also comes in response to escape the tariffs that Apple would have to potentially deal with. Post a meeting with Tim Cook, Trump as quoted by Bloomberg said, "He's [Cook] going to start building. Very big numbers..” “They don't want to be in the tariffs," added Trump.

Notably, Apple made several announcements during Trump's first term regarding their U.S. investments and acknowledged the President’s role in Mac Pro manufacturing in Texas.

A recent analysis by the Bank of America securities indicated that if tariffs were imposed by the Trump administration, Apple would have to hike iPhone prices by 9%.

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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.