'That's Big Stuff!': Trump Touts Apple's Plans To Build New U.S.-Based Data Centers And Factories

5 months ago

During a press conference in the Oval Office on Wednesday, President Trump and Apple CEO Tim Cook spoke about the company's plans to build new factories in the United States.

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00:00People of Kentucky, you're going to find it a great place to do business, too.

00:05It's fantastic.

00:06Isn't that nice?

00:07We're doing these things now in the United States instead of other countries, faraway countries.

00:13This is a significant step toward the ultimate goal of ensuring that iPhones sold in the United States of America

00:20also are made in America with the mass infusion of capital it's announcing today.

00:25Apple will also build a 250,000 square foot server manufacturing facility in Houston

00:31and invest billions of dollars to construct data centers across the country from North Carolina to Iowa to Oregon.

00:40That's big stuff.

00:42Apple will also open state-of-the-art manufacturer economy.

00:46It's going to be a manufacturing academy in Detroit, and that's a great place to do.

00:52You know, big things are happening in Michigan and Detroit.

00:56They're coming in because of what we've done with the, I call it the great, big, beautiful bill.

01:01I added one word, great.

01:03But we have probably the biggest, most comprehensive piece of legislation ever passed.

01:11It's going to mean unbelievable numbers of jobs and no jobs.

01:16Think of this, whether it's tips or overtime or Social Security, no tax.

01:22So no tax on tips, no tax on Social Security, no tax on overtime.

01:28And there's just a small bit of it.

01:31For Apple and others' businesses, we're talking about the deductions and all of the things.

01:35And actually, for people, they go out and buy a car, first time it's ever been done.

01:39We talk about deductions for companies, but they're going to be able to deduct interest when they borrow money to buy a car,

01:47if it's made in America, has to be made in America.

01:50So it is amazing.

01:52And one of the reasons I think I can say that Apple's coming here is the legislation we just passed with this kind of investment.

01:59And Apple will also open other facilities, rare earth magnets from Texas and build.

02:08Oh, I love that you're doing this.

02:09I love that.

02:10I love that.

02:11And build a brand new rare earth recycling line in Mountain Pass, California.

02:17I know that area.

02:17That's where they have a lot of truly rare earth.

02:21That's fantastic.

02:22I love that.

02:22And Apple will help develop and manufacture semiconductors and semiconductor equipment in Texas, Utah, Arizona.

'That's Big Stuff!': Trump Touts Apple's Plans To Build New U.S.-Based Data Centers And Factories

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