Link copied!

Comment reported!

Thank you for keeping applescoop.org safe 😃

Privacy respecting comments? Check!

We developed our own custom comment system, Instant Reply, to deliver a tracker-free, fast and easy experience! No sign up required.

Posting a comment will make you leave the tour.

Speaking

Apple announces $430 billion investment in the United States

100%
7 min read
Comments
  • 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.




Stories related to Announcements

Apple launches Apple Pay Later for select users

100% reliable | 6 minute read

Apple announces WWDC23 coming June 5

98% reliable | 4 minute read

Apple Music Classical now available

100% reliable | 4 minute read

Apple ends Sprint iPhone activations, removes references from website

100% reliable | 3 minute read

Apple bringing new ‘Shop With a Specialist Over Video’ feature to online store

100% reliable | 4 minute read

Emergency SOS via satellite coming to six new countries this month

100% reliable | 3 minute read

Apple releases yellow iPhone 14, new case colors

100% reliable | 4 minute read

Kuo: iPhone SE 4 planned with larger OLED display and Apple 5G chip

78% reliable | 4 minute read

Two billion Apple products are active around the world, Apple says

100% reliable | 4 minute read

Apple releases iOS 16.3 with new security features

100% reliable | 4 minute read

How to watch the WWDC22 keynote

100% reliable | 4 minute read

Apple announces ‘Peek Performance’ event for March 8

90% reliable | 4 minute read

Apple likely to announce iPhone SE 3 at a virtual event in March or April

84% reliable | 4 minute read

Apple announces winners of the 2021 App Store Awards

100% reliable | 6 minute read

Apple announces new 14-inch and 16-inch MacBook Pro models

100% reliable | 7 minute read

Apple unveils new AirPods 3

100% reliable | 4 minute read

Apple announces new Everyone Can Code resources for students and teachers

100% reliable | 4 minute read

iOS 15 official release date set for September 20th

100% reliable | 6 minute read

Apple announces iPhone 13 and 13 mini with smaller notch and redesigned cameras

100% reliable | 6 minute read

Apple announces iPad mini with all-new design

100% reliable | 5 minute read
More stories

Do iPhones or Androids last longer?

100% reliable | 7 minute read

Which iPhones will stop working in 2024 and 2025? Complete List of Compatible Apple Products

78% reliable | 8 minute read

Apple Watch X: All the rumors so far

73% reliable | 9 minute read

iPhone 16 and iPhone 16 Pro: Top 5 rumors

72% reliable | 9 minute read

Shocking: Apple Vision Pro 2 reportedly 'cancelled'

76% reliable | 6 minute read

iOS 17.6: First public beta released

100% reliable | 3 minute read

Apple launches Apple Pay Later for select users

100% reliable | 6 minute read

New iWork updates bring Apple Pencil hover features and more

100% reliable | 3 minute read

Apple announces WWDC23 coming June 5

98% reliable | 4 minute read

Here's what's new in iOS 16.4

100% reliable | 6 minute read

Apple Music Classical now available

100% reliable | 4 minute read

Gurman: iOS 17 to include several “nice to have features”

84% reliable | 3 minute read


More stories