Shortly after Apple‘s CEO met with President Donald Trump last week, it announced a $500 billion investment in the United States through infrastructure, factories, and other facilities.

The announcement detailed the investment into several initiatives, including opening a new advanced manufacturing facility with partners in Texas, doubling its U.S. Advanced Manufacturing Fund, and establishing a new manufacturing academy in Michigan. Apple CEO Tim Cook said the investment comes because the company has confidence in the country’s future.

“We are bullish on the future of American innovation, and we’re proud to build on our long-standing U.S. investments with this $500 billion commitment to our country’s future,” Cook said in a statement.

“From doubling our Advanced Manufacturing Fund to building advanced technology in Texas, we’re thrilled to expand our support for American manufacturing. And we’ll keep working with people and companies across this country to help write an extraordinary new chapter in the history of American innovation,” Cook added.

The company also said it would hire roughly 20,000 people, mostly in research and development, silicon engineering, software development, and artificial intelligence.

Trump celebrated the announcement as an example of U.S. companies having faith in his administration and the outlook for the country.

“APPLE HAS JUST ANNOUNCED A RECORD 500 BILLION DOLLAR INVESTMENT IN THE UNITED STATES OF AMERICA. THE REASON, FAITH IN WHAT WE ARE DOING, WITHOUT WHICH, THEY WOULD’NT BE INVESTING TEN CENTS. THANK YOU TIM COOK AND APPLE!!!” Trump posted on Truth Social.

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The investment from Apple comes weeks after Trump and leaders in the artificial intelligence field announced financing to build an AI infrastructure for the country.

The project, titled Stargate, will be funded by the companies involved, with a total of $500 billion over the next four years.