At a high-profile dinner with Tech CEOs at the White House, US President Donald Trump on Thursday grilled Apple CEO Tim Cook over the company's investment in the United States amid iPhone maker's expansion plans in India.
During the dinner, Trump asked Tim Cook, "Tim, how much money will Apple be investing in the United States? I know it's a very large amount. You were elsewhere before, and now you're really coming home in a big way. How much money will you be investing?"
"$600 billion," the Apple CEO replied, according to a report by NDTV.
"I want to thank you for setting the tone such that we could make a major investment in the United States... That says a lot about your focus and your leadership and your focus on innovation," Tim Cook added.
.@Apple CEO @tim_cook: "I want to thank you for setting the tone such that we could make a major [$600 billion] investment in the United States... That says a lot about your focus and your leadership and your focus on innovation." pic.twitter.com/289vkiB6vyRelated stories
— Rapid Response 47 (@RapidResponse47) September 5, 2025
The US President asked the same question about American investment to Meta CEO Zuckerberg, seated to his right. Zuckerberg also said: "$600 billion."
The next question was about Google's investment, to which CEO Sundar Pichai replied, "We are well north of $100 billion. In the next two years, it will be $250 billion in the US."
Apple's India expansion plans
This comes months after Donald Trump told Tim Cook that he doesn't want Apple to build its products in India, taking a shot at the tech giant's move to diversify production away from China.
The iPhone maker has been ramping up production in India as it aims to reduce its dependency on China, where around 90 per cent of the company's flagship smartphone is currently assembled. Apple is planning to make around 25 per cent of global iPhones in the country in the next few years.
In August, Apple reportedly told the Indian government that it has no intention of slowing down its expansion in the country. Per a report by The Times of India, the tech giant is planning to commit an estimated $2.5 billion in India to boost iPhone production capacity from over 40 million units annually to about 60 million.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
