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Tech CEOs Spent Millions Courting Trump. It Has Yet to Pay Off
Business Standard
|April 09, 2025
The biggest technology companies and their chief executives donated millions to US President Donald Trump's inauguration, hosted black-tie parties, and dinners in his honor, and allowed him to announce and take credit for new multibillion-dollar manufacturing projects.
But less than three months into the president's second term, Trump has hardly returned their lavish gestures with favors.
The sweeping tariffs he imposed last week will squeeze Apple's iPhone supply chain and make it much more expensive for Amazon, Meta, Google, and Microsoft to build supercomputers to power artificial intelligence (AI). The president has slashed federal funding for research into emerging technologies like AI and quantum computing. His immigration clampdown has incited fears that he will cut off pipelines for tech talent.
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