Apple Plans New $11bn Investment In U.S. — Leadership Newspaper

0
292


Apple Inc (AAPL.O) said on Thursday it would invest 1 billion dollars to build a second campus in North Austin, Texas and another 10 billion dollars for new data centres over the next five years.

This is aimed at creating 20,000 jobs in the U.S.

The announcement follows a promise by Apple in January to invest 30 billion dollars in the U.S. and comes as companies with major manufacturing operations outside America have been facing political pressure to ramp up investments at home.

U.S. President Donald Trump has also warned of slapping tariffs on iPhones and other Apple products imported from China, a major consumer market for the Cupertino, California-based company.

The new 133-acre campus at Austin, already home to the second largest number of Apple employees outside Cupertino, will be located less than a mile away from Apple’s existing facilities.

It will first house 5,000 new employees and have the capacity to expand to 15,000.

Apple will also set up sites in Seattle, San Diego and…



Source: Leadership Newspaper