Apple promises $ 430 billion in US investment over five years

Cupertino, California Apple today announced an acceleration of investment in the United States. Over the next five years, we plan to make more than $ 430 billion in new contributions and add 20,000 new jobs nationwide. Over the past three years, Apple’s contribution in the United States has significantly exceeded the company’s initial five-year target of $ 350 billion set for 2018. Apple is now raising the level of commitment by 20% over the next five years to support innovation and impetus in the United States. Economic benefits in all states. This includes tens of billions of dollars for next-generation silicon development and 5G innovation in nine US states.

“At this moment of recovery and reconstruction, Apple has doubled its innovation and manufacturing efforts in the United States, investing across generations in communities in all 50 states,” said Tim Cook, Apple CEO. .. “We are creating jobs in cutting-edge areas, from 5G to silicon engineering to artificial intelligence. Invest in next-generation innovative new businesses, invest in every job, and be more environmentally friendly. , Building for a fairer future. ”

Today, Apple supports more than 2.7 million jobs nationwide through direct employment, spending with US suppliers and manufacturers, and developer jobs in the thriving iOS app economy. Apple is the largest taxpayer in the United States, paying approximately $ 45 billion in domestic corporate income tax over the past five years alone.

Apple’s $ 430 billion contribution to the US economy includes direct spending with US suppliers, data center investments, US capital investments, and other domestic spending. ..

Establishment of a new North Carolina campus

As part of its investment and expansion, Apple will invest more than $ 1 billion in North Carolina and will begin construction of a new campus and engineering hub in the Research Triangle area. This investment will create at least 3,000 new jobs in machine learning, artificial intelligence, software engineering, and other cutting-edge areas.

Apple has also set up a $ 100 million fund to support schools and community initiatives throughout the Raleigh-Durham region and state, with over $ 110 million in infrastructure in 80 counties in North Carolina with the greatest needs. Provides structural spending. Head to broadband, roads and bridges, public schools. Apple’s investment in operation is expected to bring more than $ 1.5 billion in economic benefits to North Carolina annually.

Apple promises $ 430 billion in US investment over five years

Source link Apple promises $ 430 billion in US investment over five years

Related Articles

Back to top button