off-the-wire

White House adviser: Apple likely to make investment commitment

Kitco Media
By Reuters
Published:
Updated:
Reuters
White House adviser: Apple likely to make investment commitment teaser image

WASHINGTON, Aug 6 (Reuters) - White House economic adviser Kevin Hassett said Apple Inc was likely to make an investment announcement on Wednesday, as he discussed the financial pledges made by companies and countries under President Donald Trump.

"They're moving here in droves. This is trillions and trillions of dollars of commitments for people to build new factories here. In fact, you're likely to see one today from Apple," Hassett said in an interview with Fox Business Network. He did not elaborate.

It was not immediately clear if the announcement on Wednesday would be a new commitment.

Apple (AAPL.O) said in February it would spend $500 billion in U.S. investments in the next four years that will include a giant factory in Texas for artificial intelligence servers and add about 20,000 research and development jobs across the country in that time.

Reporting by Doina Chiacu; Editing by Andrew Heavens

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.