Apple to Invest USD 430 billion in US over Five Years
Apple has announced an acceleration of its US investments, with plans to make new contributions of more than USD 430 billion and add 20,000 new jobs
Apple has announced an acceleration of its US investments, with plans to make new contributions of more than USD 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 USD 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.
As part of its investments and expansion, Apple plans to invest over USD 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 will also establish a USD 100 million fund to support schools and community initiatives in the greater Raleigh-Durham area and across the state, and will be contributing over USD 110 million in infrastructure spending to the 80 North Carolina counties with the greatest need, funds that will go toward broadband, roads and bridges, and public schools. When up and running, Apple’s investments are expected to generate over USD 1.5 billion in economic benefits annually for North Carolina.
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.
Austin Texas - Construction for Apple’s $1 billion Austin campus is underway, with employees expected to start moving into the space next year.
San Diego California - As part of Apple’s commitment to American innovation and job creation, the company plans to create 20,000 new jobs over the next five years, growing its San Diego team to more than 5,000 employees by 2026.
Seattle Washington - As part of Apple’s commitment to American innovation and job creation, the company plans to create 20,000 new jobs over the next five years, including adding another 1,000 team members in Seattle.
California: Apple continues to expand its teams across the state and now expects to grow its San Diego team to more than 5,000 employees by 2026 — a 500 percent increase from its 2018 goal. The company will also grow its teams in Culver City to more than 3,000 employees by 2026, expanding its state-of-the-art campus with additional space for these employees and more.
Colorado: Apple is growing its engineering team in Boulder, and expects to have close to 700 employees at its offices in the region by 2026.
Massachusetts: In 2018, Apple announced it would add hundreds of new jobs in the Boston metro area. With around 200 team members already working in the region, Apple plans to add several hundred new jobs by 2026.
Texas: Construction for Apple’s $1 billion Austin campus is underway, with employees expected to start moving into the new space next year.
Washington: Apple’s LEED (Leadership in Energy and Environment Design) Platinum office space in Seattle’s South Lake Union neighborhood recently opened for the company’s 1,000 local employees, with plans to add at least another 1,000 team members.
Iowa: The design process is underway for Apple’s new data center, which is expected to create over 500 construction and operations jobs in Waukee. Apple is supporting community infrastructure programs, including the creation of Triumph Park, a 66-acre recreation area.