Apple plans to invest 356 billion euros in five years in, among other things, a new campus in North Carolina, 20,000 jobs and infrastructure in the US. The company is investing tens of billions in developing silicon and 5G innovations.
The $430 billion investments include spending at more than 9,000 U.S. suppliers, investments in data centers and dozens of Apple TV+ productions, the company said in a press release. In addition, it is investing ‘tens of billions’ in the development of silicon and 5G technologies, technologies that the company considers crucial for the future of electric cars, among other things. Those investments are spread across nine US states, including California and Oregon.
Part of the investment will go into building a new campus in North Carolina. Three thousand new jobs in machine learning, artificial intelligence and software development are to be added. The campus will cost more than $1 billion to build. Apple is also investing $100 million in a fund for schools and community initiatives in the area where the new campus is to be built, and the company is investing $110 million in infrastructure in the region.
By 2023, the company says it will have created 20,000 new jobs, a target set in 2018. An additional 20,000 jobs will be added over five years, Apple says. A lot of it comes from California. The teams in San Diego and Culver City need to grow significantly. Hundreds of jobs will also be created in Colorado and Massachusetts.