US President Donald Trump said he spoke with Apple Inc. Chief Executive Officer Tim Cook earlier on Monday, just as the iPhone maker was reported to be considering price increases later this year.

CEO, Tim Cook, on Monday about raising the company's investment in the country to more than the initial $500 billion pledged in February. “He’s going to be building a lot of plants in the U.S. for Apple,

Apple previously said in February it would spend $500 billion to expand many of its operations in the U.S., including assembling AI servers in Houston.