Things have changed drastically in a year, as the arrival of United States President Donald Trump is looking to drive businesses back to the North American nation. So far, it looks to be working, specifically for one of the largest sectors in the world. Indeed, Apple (AAPL), META, and Amazon (AMZN) are leading a number of tech firms pledging $1 trillion in US investments.
The inauguration of President Trump saw a sea of investments come from some of the largest tech companies in the world. That has only continued less than two months into his return to the Oval Office. Indeed, the commitment was highlighted by Apple’s mammoth promise of $500 billion in US investments over the next four years. The development could work to make the country a technology hub once again.
Also Read: Bank of America to Launch USD-Pegged Crypto Stablecoin
Apple and Others Promise $1 Trillion in US Tech Investments
The arrival of US President Donald Trump has truly been a gamechanger, in many respects. However, his impact on tech companies can’t be denied. He has completely overhauled crypto policy and emboldened the industry like no previous commander-in-chief ever has. Now, they are returning the favor.
Apple, Meta, and Amazon headline a list of tech firms that have pledged a collective $1 trillion in US investments, according to a Bloomberg report. They certainly are not alone, as ChatGPT developer OpenAI and SoftBank are also featured on the list of pledges.
Also Read: US and Ukraine Strike Mineral Deal—A Game-Changer for Energy Supply Chains
Apple recently met with Trump prior to their announcement of a $500 billion investment. Trump praised the decision, saying that the company did so because they have “faith in what we are doing.” However, the plan coincides with what Apple had already planned and looked par for the course for their operations.
Yet, that doesn’t change that tech investments have surged under the Trump administration due to the presence of things like the Stargate project. With as much as $500 billion promised, it orchestrated the promise of a joint venture to invest in AI infrastructure across the country.
Moreover, META has promised $65 billion in capital spending, promising to build a data center “so large it will cover a significant part of Manhattan,” CEO Mark Zuckerberg said. Additionally, Microsoft (MSFT) has planned $40 billion in investments, with Amazon adding $11 billion committed.