The Gulf Time Newspaper One of the finest business newspapers in the UAE brought to you by our professional writers and editors.
Bloomberg
Apple Inc. CEO Tim Cook met with US Treasury Secretary Steven Mnuchin at the technology giant’s new Apple Park campus in Cupertino, California, according to a tweet from Mnuchin.
In the Twitter post, Mnuchin thanked Cook for a commitment to invest $350 billion in the US. Earlier this year, Apple said it would be investing that amount in the country over the next five years, taking into account a fourth US campus and several thousand new hires. The company is also bringing back most of its overseas cash as part of new US tax laws, and recently granted most employees $2,500 worth of restricted stock units.
Mnuchin publicly opposed proposals by some countries that he said target technology companies. “The US firmly opposes proposals by any country to single out digital companies. Some of these companies are among the greatest contributors to US job creation and economic growth,†Mnuchin said in a statement.