Apple to invest $430bn in US operations

Apple to invest $430bn in US operations

“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,” says Tim Cook (pictured)  “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.”

Apple is the largest taxpayer in the US and has paid almost $45 billion in domestic corporate income taxes over the past five years.

The company is on track to meet its target of creating 20,000 new jobs in the 2018-23 timeframe.

The company will spend  $1 billion+ to build a campus and engineering hub in North Carolina campus which will create 3,000 new jobs, and has set up a $100 million fund to support schools and communities in the cities of Raleigh and Durham.

Construction of Apple’s $1 billion Austin campus is underway, with employees expected to start moving into the hub next year. It is expected to create 5,000 new jobs.

Apple expects to grow its San Diego team to more than 5,000 employees by 2026.

It plans to grow its teams in Culver City to more than 3,000 employees by 2026.