Apple announces $430 billion investment in the United States
27th April, 2021 at 12:17 pm by André and Yash
- This program will create over 20,000 new jobs in many fields, according to Apple.
- This will cover fields such as silicon, AI and 5G development — as well as Apple TV+ productions.
- The investment program is expected to take 5 years to complete.
This Monday, Apple announced their plans to invest more than 430 billion dollars in the United States and create over 20,000 new jobs across the entire nation. This is planned to be a 5 year process, and it’s meant to reconstruct part of the economy after the Coronavirus pandemic.
At this moment of recovery and rebuilding, Apple is doubling down on our commitment to U.S. innovation and manufacturing with a generational investment reaching communities across all 50 states," said Apple CEO Tim Cook "We're creating jobs in cutting-edge fields — from 5G to silicon engineering to artificial intelligence — investing in the next generation of innovative new businesses, and in all our work, building toward a greener and more equitable future. — Tim Cook
This investment is actually a 20% increase compared to Apple’s original $350 billion goal set back in 2018. These contributions include many aspects; from direct spend in more than 9,000 suppliers located in America, investment in Data Centers dedicated to run Apple Services, capital expenditures, to even a dozen of Apple TV+ production studios over 20 states; all of these will in return create many jobs that support the creative industry.
Out of this investment program $1 billion is set for North Carolina, where Apple will build a new campus and engineering center in the Research Triangle area, which in return will create at least 3,000 new jobs working on machine learning, artificial intelligence, software engineering, and other cutting-edge fields.
The tech giant also set up a $100 million fund dedicated to support schools and community initiatives in the greater Raleigh-Durham area and across the Tar Heel state and will also contribute with over $110 million in infrastructure for the most needy countries.
But what about the economical return of such investments for the states? Apple’s North Carolina campus is expected to generate $1.5 billion in economic benefits every year.
As a North-Carolina native, I'm thrilled Apple is expanding and creating new long-term job opportunities in the community I grew up in, We're proud that this new investment will also be supporting education and critical infrastructure projects across the state. Apple has been a part of North Carolina for nearly two decades, and we're looking forward to continuing to grow and a bright future ahead. — Said Apple COO Jeff Williams
Apple, the largest tax payer in the United States, already is responsible of supporting over 2.7 million workers nationwide while at the same time expanding its teams and operations across more states such as California, Colorado, Massachusetts. New York, Texas and Washington, this expansion project will continue Apple’s leadership in using renewable energy and plans to be 100% carbon neutral by 2030, according to their press release.
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