Apple Commits $430 Billion in US Investments over Five Years

Apple Commits $430 Billion in US Investments over Five Years

Foto: Apple

Apple 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, the company'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.

“At this moment of recovery and rebuilding, Apple is doubling down on our commitment to US innovation and manufacturing with a generational investment reaching communities across all 50 states,” said Tim Cook, Apple’s CEO. “We’re creating jobs in cutting-edge fields, from 5G to silicon engineering to AI, investing in the next generation of innovative new businesses, and in all our work, building toward a greener and more equitable future.”

Apple’s planned investments include direct spend with American suppliers, data center investments, capital expenditures in the US, and other domestic spend that includes dozens of Apple TV+ productions across 20 states, creating thousands of jobs and supporting the creative industry. Apple also earmarked more than $1 billion to construct a campus and engineering hub in North Carolina campus, and a $100 million fund to support schools and communities in the cities of Raleigh and Durham.

More from category

Telefonica Posts Record Profit on Tower Sale

Telefonica Posts Record Profit on Tower Sale

31 Jul 2021 comment

Spanish based operator Telefonica raised its full year outlook after posting an all-time record net income.

Strong First Half for Nokia, 2021 Outlook Revised Upwards

Strong First Half for Nokia, 2021 Outlook Revised Upwards

31 Jul 2021 comment

Nokia's net sales grew 9 percent on constant currency in the second quarter of 2021.

Samsung's Revenue Went Up 20 Percent in the Last Quarter

Samsung's Revenue Went Up 20 Percent in the Last Quarter

30 Jul 2021 comment

During the second quarter of 2021, Samsung made a net profit of KRW9.6 trillion ($8.4 billion), up from KRW5.6 trillion in the same period last year.