The White House on Thursday released video highlighting President Donald Trump’s meeting this week with global AI and technology leaders, including Apple’s Tim Cook and Nvidia’s Jensen Huang. During the meeting, via video, Cook indicated that Apple is boosting its own investments domestically expressly because of Trump’s policies, the White House told Fox News Digital. “The companies represented in this room have collectively announced more than $2 trillion in new investments, and we have a total of close to $8 trillion,” Trump told the assembled people in the room. “Also, every new investment, every new factory, and every new job created is a sign of strength in the American economy.”  Transcript of the remarks from Apple CEO Tim Cook: Hi, everyone. I’m sorry I couldn’t be with you today, but I’m glad to have the chance to speak. I’ve always said that Apple could only have been created in the United States. We are a uniquely American company and we care deeply about our impact on this country. That’s why we recently announced plans to spend five hundred billion dollars here over the next four years. We’re expanding our teams and our facilities in several states, including Michigan, Texas, California, Arizona, Nevada, Iowa, Oregon, North Carolina, and Washington. We’re also establishing a new factory for advanced AI servers in Texas, and we’ll be doubling our US advanced manufacturing fund to help companies expand in America. We are proud to create millions of jobs here and to make significant investments to catalyze a new era of advanced manufacturing, and we’re proud to support businesses all across the country that help us deliver for our users. All told, we have more than nine thousand suppliers in the US across all fifty states. We work with American companies to source everything from the components we used for Face ID to the glass used an iPhone. And we expect to source more than nineteen billion chips this year in America from companies across a dozen states. That includes tens of millions of advanced chips being made right now by TSMC in Arizona, where we are the first and largest customer. I want to take a moment to recognize President Trump’s focus on domestic semiconductor manufacturing, and we will continue to work with the administration as we invest in these areas. Needless to say, we are excited for the future of American innovation and the incredible opportunities it will create and we are honored to do our part. MacDailyNews Note: Cook is also featured in the other video, “Investing in America ,” released by the White House on Thursday:  Beloved interns, second time this week, Tap That Keg! Prost, everyone! Support MacDailyNews at no extra cost to you by using this link to shop at Amazon. The post Apple CEO Tim Cook praises President Trump’s focus on domestic manufacturing appeared first on MacDailyNews. You're currently a free subscriber to MacDailyNews. For the full experience, upgrade your subscription.
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Friday, May 2, 2025
Apple CEO Tim Cook praises President Trump’s focus on domestic manufacturing
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