President-elect Donald Trump announced that Apple Inc. AAPL is planning a “massive investment” in the United States, revealing details of his conversation with CEO Tim Cook during his Make America Great Again Victory Rally in Washington D.C. on Sunday.
What Happened: The discussion comes amid Trump’s broader initiative to accelerate major corporate investments in the U.S., recently promising expedited approvals for companies investing $1 billion or more. The policy would streamline environmental permits and other regulatory processes for qualifying investments.
“I spoke with Tim Cook of Apple. He said they’re going to make a massive investment in the United States because of our big election win,” Trump stated at the rally.
The announcement follows Apple’s recent market milestone, with the company’s valuation approaching $4 trillion before a slight pullback.
Apple did not immediately respond to Benzinga's request for comment.
Why It Matters: The potential Apple investment adds to Trump’s recent economic victories, including SoftBank Group‘s $100 billion commitment aimed at creating 100,000 U.S. jobs.
Trump’s pro-business agenda has attracted numerous tech leaders to his Mar-a-Lago residence, including executives from Meta Platforms Inc. and Alphabet Inc.
Market sentiment has responded positively to Trump’s business-friendly policies, with major indices posting their strongest weekly gains since November ahead of his upcoming inauguration. The tech-heavy Nasdaq 100 led the rally with a 1.9% increase, while the broader S&P 500 gained 1.3%.
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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