Apple shareholders voted to keep the tech giant's diversity, equity and inclusion policies on Tuesday, a win for management which had opposed efforts by a conservative group to scrap the program.

Investors are widely expected to reject the proposal, in line with the company’s recommendation, despite rising tensions around corporate diversity efforts.

Trump hinted at Apple’s plans by declaring that the company would invest “ hundreds of billions of dollars ” into the U.S. The President thanked Cook and Apple in a post on his Truth Social platform yesterday,

Apple's announcement came amid continuing efforts by Big Tech executives to ingratiate themselves to President Donald Trump and perhaps avoid tariffs and other policies that could hurt their companies. In its announcement, Apple said its investments would result in 20,000 U.S. jobs.

The iPhone giant's $500bn investment plan includes a new factory in Texas, as well as money spent on suppliers.