Apple (NASDAQ: AAPL ) shares rose 1.25% in pre-market trading on Wednesday after National Economic Council Director Kevin Hassett said the tech giant may be about to announce a new factory in the United States.
In an interview with Fox Business, Hassett hinted that Apple could be about to make a major announcement. "We've got trillions of dollars in commitments to build new factories in the United States. In fact, you're likely to see an announcement like that from Apple today," Hassett said.
The potential factory announcement comes amid the Trump administration's ongoing efforts to boost domestic manufacturing. Hassett's comments came amid a broader discussion in which he emphasized that President Trump's top priorities are ensuring the reliability of economic data and the independence of the Federal Reserve.
While discussing other economic matters, Hassett also responded to a question about the Federal Reserve, noting that the Fed committee "seems to be voting along partisan lines." When asked about his own potential Fed position, Hassett responded that he would "be happy to discuss that challenge."
The exact timing and details of Apple's potential factory announcement remain unclear, though Hassett's comments suggest it could come as early as today. If confirmed, it would represent a major manufacturing investment for Apple in the United States.