Apple announced that it will make new investments in the United States worth more than $430 billion and create 20,000 new jobs across the country over the next five years.
Tim Cook, CEO of the company, said it will allocate 1 billion for the construction of a campus in North Carolina, while the new jobs will be in both 5G technology and silicon development or artificial intelligence.
Apple will invest $430 billion in the US
“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,” Cook stated.
As for the North Carolina campus, the tech giant noted that the investment will also include an engineering center in the Research Triangle Area and will create 3,000 jobs in machine learning, artificial intelligence, software engineering, and other cutting-edge fields.
The company will also open a $100 million fund to support school and community initiatives in the Raleigh-Durham area of that state and will provide more than $110 million in infrastructure in North Carolina’s 80 neediest counties.
In this time of recovery and rebuilding, Apple is redoubling our commitment to innovation and manufacturing in the U.S. with a generational investment that reaches communities in all 50 states,’ Cook added.
Apple grossed $111.439 billion in the final quarter of 2020 – the first three months of its fiscal year 2021 – the highest sales figure ever recorded by the company and posted a profit of $28.755 billion, up 29% from the same period a year ago.