What you need to know
- Apple is committing $430 billion in US investments across five years.
- A new North Carolina campus is just part of the program.
Apple today announced that it is accelerating its investments in the United States, committing to spending more than $430 billion and creating 20,000 new jobs in the process.
Part of the new program will see an Apple campus but in North Carolina, while investments in 5G are also expected.
Apple today announced an acceleration of its US investments, with plans to make new contributions of more than $430 billion and add 20,000 new jobs across the country over the next five years. Over the past three years, Apple's contributions in the US have significantly outpaced the company's original five-year goal of $350 billion set in 2018. Apple is now raising its level of commitment by 20 percent over the next five years, supporting American innovation and driving economic benefits in every state. This includes tens of billions of dollars for next-generation silicon development and 5G innovation across nine US states.
North Carolina will be the recipient of more than $1 billion via the creation of a new campus and engineering hub, Apple said in a Newsroom post.
As part of its investments and expansion, Apple plans to invest over $1 billion in North Carolina and will begin construction on a new campus and engineering hub in the Research Triangle area. The investment will create at least 3,000 new jobs in machine learning, artificial intelligence, software engineering, and other cutting-edge fields.
Apple is already on target to create the 20,000 jobs it promised in 2018 but it's now also extending that by an additional 20,000. The jobs will be created over the next five years.
Apple is on track to meet its 2018 goal of creating 20,000 new jobs in the US by 2023. With today's new commitment, Apple is setting a target of creating 20,000 additional jobs in states across the country over the next five years.
The new plans include expansions of teams in California and Colorado, while Texas already has a new $1 billion Austin campus being built. Employees are expected to begin moving in next year.
You can read all about Apple's full plans in the announcement post, too.
Apple's continued focus on creating new engineering hubs shows that the arrival of Apple silicon isn't the last big plan the company has. The M1 chip powers the excellent MacBook Air and was just announced to be coming to the new iPad Pro, too.
We may earn a commission for purchases using our links. Learn more.