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Yahoo
a minute ago
- Yahoo
Tim Cook appeals to Trump's love of gold with a 24-karat base for Apple plaque
Apple CEO Tim Cook visited President Donald Trump at the White House on Aug. 6, and brought with him a custom gift that seemed to be tailored to the president's tastes. The two announced Apple's $100 billion in new U.S. investment, an addition to the $500 billion previously announced, as the tech giant tries to protect its products from Trump's steep tariffs. Apple is also set to expand its factories in the U.S. With trembling hands, Cook opened an Apple box he said was made in California, took out a circular plaque with an Apple-shaped cutout in the middle made of glass apparently made in Kentucky, and attributed the design to a former U.S. Marine Corps corporal who now works at Apple. The plaque was set in a 24-karat gold base Cook said was made in Utah. Part of Trump's longstanding "America First" approach to policy is pushing to have more goods made in America. Though Trump has also been gifted a Tesla Cybertruck with a picture of himself on it and a framed copy of his grandfather's German birth certificate, Cook's gift appealed to more than just Trump's preference to have things made in America. Trump adorns his space and the things he makes in gold. More: Donald Trump's White House 'Gold Guy' is a 70-year-old cabinetmaker who lives in Jupiter Gold tweezers, gold sneakers and a gold guy in the White House Trump's affinity for gold predates his time in the Oval Office. Here is a look at some of his golden adornments throughout the years: In 2006, Trump met porn star Stormy Daniels at a golf tournament in Lake Tahoe, as she testified during his hush money trial. She said that she saw a set of apparently golden manicure items like tweezers in his hotel suite. (Trump was found guilty of 34 counts of falsifying business records at that trial.) As a presidential hopeful, he updated his private plane in 2011 to a Boeing 757 and outfitted it with gold-leafed seatbelts and faucets, according to the New York Post. Trump Mobile was announced on the 10-year anniversary of Trump declaring his candidacy in 2015, when he famously rode down the . During his campaign for a second term, Trump sold gold sneakers for $399 and a limited edition . The Trump Organization sells several gold tchotchkes under the "" collection, including chocolate bars, ornaments, coin banks and playing cards that are fashioned like gold bars with Trump's name on them. Trump has brought in his to adorn the Oval Office in the style of his Mar-A-Lago estate, according to the Wall Street Journal. Amid widespread immigration crackdowns and the return of a controversial travel ban, Trump announced a "gold card" visa that offers applicants residency and a path to U.S. citizenship for $5 million paid to the U.S. government. Apple touts additional $100 billion in U.S. investment Cook was one of several tech leaders who attended Trump's inauguration earlier this year. Apple had said in February that it would spend $500 billion in U.S. investments over four years, but the Washington Post reported most of that would cover the regular cost of doing business. The White House announcement brings the total investment figure up to $600 billion. Still, Apple broke ground on a Houston factory to make advanced AI servers earlier this year, and Trump said on Aug. 6 it would invest billions to construct data centers across the country, including in North Carolina, Iowa and Oregon. "I'm proud to say that Apple is leading the creation of an end-to-end silicon supply chain right here in America," Cook said. Trump said the planned 100% tariff on semiconductors and computer chips would not apply to companies that make a commitment to manufacture in the U.S., like Apple. Contributing: Joey Garrison, Swapna Venugopal Ramaswamy, Aysha Bagchi, Lauren Villagran, Marina Pitofsky, Jonathan Limehouse, USA TODAY Kinsey Crowley is the Trump Connect reporter for the USA TODAY Network. Reach her at kcrowley@ Follow her on X and TikTok @kinseycrowley or Bluesky at @ This article originally appeared on USA TODAY: Tim Cook gifts Trump a custom Apple plaque with 24-karat gold base Sign in to access your portfolio
USA Today
3 minutes ago
- USA Today
Tim Cook appeals to Trump's love of gold with a 24-karat base for Apple plaque
Apple CEO Tim Cook visited President Donald Trump at the White House on Aug. 6, and brought with him a custom gift that seemed to be tailored to the president's tastes. The two announced Apple's $100 billion in new U.S. investment, an addition to the $500 billion previously announced, as the tech giant tries to protect its products from Trump's steep tariffs. Apple is also set to expand its factories in the U.S. With trembling hands, Cook opened an Apple box he said was made in California, took out a circular plaque with an Apple-shaped cutout in the middle made of glass apparently made in Kentucky, and attributed the design to a former U.S. Marine Corps corporal who now works at Apple. The plaque was set in a 24-karat gold base Cook said was made in Utah. Part of Trump's longstanding "America First" approach to policy is pushing to have more goods made in America. Though Trump has also been gifted a Tesla Cybertruck with a picture of himself on it and a framed copy of his grandfather's German birth certificate, Cook's gift appealed to more than just Trump's preference to have things made in America. Trump adorns his space and the things he makes in gold. More: Donald Trump's White House 'Gold Guy' is a 70-year-old cabinetmaker who lives in Jupiter Gold tweezers, gold sneakers and a gold guy in the White House Trump's affinity for gold predates his time in the Oval Office. Here is a look at some of his golden adornments throughout the years: Apple touts additional $100 billion in U.S. investment Cook was one of several tech leaders who attended Trump's inauguration earlier this year. Apple had said in February that it would spend $500 billion in U.S. investments over four years, but the Washington Post reported most of that would cover the regular cost of doing business. The White House announcement brings the total investment figure up to $600 billion. Still, Apple broke ground on a Houston factory to make advanced AI servers earlier this year, and Trump said on Aug. 6 it would invest billions to construct data centers across the country, including in North Carolina, Iowa and Oregon. "I'm proud to say that Apple is leading the creation of an end-to-end silicon supply chain right here in America," Cook said. Trump said the planned 100% tariff on semiconductors and computer chips would not apply to companies that make a commitment to manufacture in the U.S., like Apple. Contributing: Joey Garrison, Swapna Venugopal Ramaswamy, Aysha Bagchi, Lauren Villagran, Marina Pitofsky, Jonathan Limehouse, USA TODAY Kinsey Crowley is the Trump Connect reporter for the USA TODAY Network. Reach her at kcrowley@ Follow her on X and TikTok @kinseycrowley or Bluesky at @
Fast Company
3 minutes ago
- Fast Company
Intel stocks drop after Trump calls on CEO's resignation
Shares of Intel slumped Thursday after President Donald Trump said in a social media post that the chipmaker's CEO needs to resign. 'The CEO of Intel is highly CONFLICTED and must resign, immediately,' Trump posted on Truth Social. 'There is no other solution to this problem. Thank you for your attention to this problem!' Trump made the post after Sen. Tom Cotton sent a letter to Intel Chairman Frank Yeary expressing concern over CEO Lip-Bu Tan's investments and ties to semiconductor firms that are reportedly linked to the Chinese Communist Party and the People's Liberation Army, and asked the board whether Tan had divested his interests in these companies to eliminate any conflicts of interest. Cotton specifically called out Tan's recent leadership of Cadence Design Systems in the letter. The tech company admitted in July to selling its products to China's National University of Defense Technology in violation of U.S. export controls. 'In March 2025, Intel appointed Lip-Bu Tan as its new CEO,' Cotton wrote in the letter. 'Mr. Tan reportedly controls dozens of Chinese companies and has a stake in hundreds of Chinese advanced-manufacturing and chip firms. At least eight of these companies reportedly have ties to the Chinese People's Liberation Army.' 'U.S. companies who receive government grants should be responsible stewards of taxpayer dollars and adhere to strict security regulations,' Cotton wrote on the social platform X. Intel had been a beneficiary of the Biden administration's CHIPS Act, receiving more than $8 billion in federal funding to build computer chip plants around the country. Intel did not immediately respond to a request for comment. The demands made by Trump and Cotton come as economic and political rivalries between the U.S. and China increasingly focus on the competition over chips, AI and other digital technologies that experts say will shape future economies and military conflicts. Cotton, the chairman of the Senate Intelligence Committee, has raised concerns that Chinese spies could be working at tech companies and defense contractors, using their positions to steal secrets or plant digital backdoors that give China access to classified systems and networks. On Thursday the Arkansas Republican wrote to the Department of Defense urging Defense Secrectary Pete Hegseth to ban all non-U.S. citizens from jobs allowing them to access DoD networks. He has also demanded an investigation into Chinese citizens working for defense contractors. 'The U.S. government recognizes that China's cyber capabilities pose one of the most aggressive and dangerous threats to the United States, as evidenced by infiltration of our critical infrastructure, telecommunications networks, and supply chains,' Cotton wrote in an earlier letter calling on the Pentagon to conduct the investigation. National security officials have linked China's government to hacking campaigns targeting prominent Americans and critical U.S. systems. Shares of the California company slid 3.5%, while markets, particularly the tech-heavy Nasdaq, gained ground. Founded in 1968 at the start of the PC revolution, Intel missed the technological shift to mobile computing triggered by Apple's 2007 release of the iPhone, and it's lagged more nimble chipmakers. Intel's troubles have been magnified since the advent of artificial intelligence — a booming field where the chips made by once-smaller rival Nvidia have become tech's hottest commodity. Intel is shedding thousands of workers and cutting expenses — including some domestic semiconductor manufacturing capabilities — as Tan, who took over as CEO in March, tries to revive the fortunes of the struggling chipmaker. —Michelle Chapman, AP business writer The early-rate deadline for Fast Company's Most Innovative Companies Awards is Friday, September 5, at 11:59 p.m. PT. Apply today.
