During his first State of the Union address this evening, President Trump made mention of Apple while touting the growth the United States economy has seen under his watch. Trump acknowledged Apple’s plans to invest in the United States with a new campus and job creation…
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Apple announced earlier this year that it plans to invest a total of $350 billion in the United States economy over the next five years, while also creating 20,000 jobs. Furthermore, the company announced a $2,500 bonus for employees in the form of restricted stock units.
Apple today announced a new set of investments to build on its commitment to support the American economy and its workforce, concentrated in three areas where Apple has had the greatest impact on job creation: direct employment by Apple, spending and investment with Apple’s domestic suppliers and manufacturers, and fueling the fast-growing app economy which Apple created with iPhone and the App Store.
Trump touted these announcements during his speech this evening while discussing the tax reform that will allow Apple to repatriate billions of dollars the United States.
“Apple has just announced plans to invest a total of $350 billion in America, and hire another 20,000 workers.”
This isn’t the first time Trump has mentioned Apple’s announcement. A day after the news, he said that he “doesn’t imagine there’s ever been an investment that big in this country by a company,” admitting that he thought Tim Cook meant millions, not billions. Trump also said he thanked Cook with a phone call.
Tim Cook attended the State of the Union in 2013, sitting next to Michelle Obama. During the speech, President Obama highlighted Apple’s plans to bring Mac manufacturing back to the United States.