Apple Commits $430 Billion in US Investments Over Five Years

What They Say

Apple said that it planned to invest $430 billion in the US over the next five years and committed to build a new North Carolina Campus in the Research Triangle Area. The new centre will create 3,000 new jobs in machine learning, artificial intelligence, software engineering, and other cutting-edge fields.

Apple said that it is on track to meet its 2018 goal of creating 20,000 new jobs in the US by 2023. With the new commitment, Apple is setting a target of creating 20,000 additional jobs in states across the country over the next five years.

  • California: Apple continues to expand its teams across the state and now expects to grow its San Diego team to more than 5,000 employees by 2026 — a 500 % increase from its 2018 goal. The company will also grow its teams in Culver City to more than 3,000 employees by 2026, expanding its state-of-the-art campus with additional space for these employees and more.
  • Colorado: Apple is growing its engineering team in Boulder, and expects to have close to 700 employees at its offices in the region by 2026.
  • Massachusetts: In 2018, Apple announced it would add hundreds of new jobs in the Boston metro area. With around 200 team members already working in the region, Apple plans to add several hundred new jobs by 2026.
  • Texas: Construction for Apple’s $1 billion Austin campus is underway, with employees expected to start moving into the new space next year.
  • Washington: Apple’s LEED (Leadership in Energy and Environment Design) Platinum office space in Seattle’s South Lake Union neighborhood recently opened for the company’s 1,000 local employees, with plans to add at least another 1,000 team members.
  • Iowa: The design process is underway for Apple’s new data center, which is expected to create over 500 construction and operations jobs in Waukee. Apple is supporting community infrastructure programs, including the creation of Triumph Park, a 66-acre recreation area.

What We Think

I mis-read this story as Apple investing $430 million, initially and thought ‘meh’, but when I saw it again I realised it was $430 billion and that is ‘real money’. I also saw the ‘Research Triangle Area’ and immediately thought of IBM. I’m sure I visited the company there when it was leading display development twenty or more years ago. (BR)

Research Park NCThe “Triangle” from which RTP was named is formed by the location of the University of North Carolina at Chapel Hill, Duke University, and North Carolina State University.