Trump claims Tim Cook has committed Apple to massive US investment

Incoming President Trump says he has met with Apple CEO Tim Cook, who reportedly committed the company to a greatly increased investment in the US.

Ahead of the inauguration ceremony, Trump held a victory rally in which he talked of business leaders promising to invest in the US. According to Fox Business, he named SoftBank, DAMAC, and Apple.

"I spoke with Tim Cook of Apple," said Trump. "He said they're going to make a massive investment in the United States because of our big election win."

Apple has consistently invested in US manufacturing as well as creating job opportunities in the country.

"We know that Apple could only have been created in the United States," Cook has said before. "We love this country. We're patriots. This is our country. [We want] to create as many jobs in the US as we can."

The majority of iPhone, Mac, and other devices are manufactured overseas, particularly in China. But during the Biden Administration, the Chips Act saw Apple processor supplier TSMC being subsidised to build plants in the US.

Trump did not specify how big the new commitment is said to be, nor in what ways Apple may invest. Apple has not commented.

The news follows Cook's handling of Apple's relationship with Trump during his first presidency. It also comes after Cook personally committed $1 million to the inauguration ceremony.