Apple Intends to Invest $430 Billion in the US Economy Over 5 Years
OREANDA-NEWS. Apple Inc. intends to invest more than $430 billion in the U.S. economy over the next five years, including spending dozens of billions of dollars on the development of next-generation semiconductor components and the development of 5G technologies.
The planned investment is expected to allow the company to create an additional 20 thousand new jobs in the States. According to Apple's press release, the $430 billion investment will include the company's direct spending on purchasing components from American suppliers, investments in data centers, capital investments in the United States, as well as other initiatives, including the creation of content for it's service Apple TV+.
The company plans to spend more than $1 billion on projects in North Carolina, where it will begin building a new campus, as well as an engineering hub in Research Triangle Park. The investment will create at least 3 thousand new jobs in such areas as machine learning, artificial intelligence, software engineering, as well as in other advanced areas.
In addition, Apple plans to spend more than $110 million on infrastructure projects in North Carolina, including the development of broadband, the construction of schools, roads and bridges. The company notes, that over the past three years, it's investments in the United States have significantly exceeded the goal of $350 billion set in 2018 for a five-year period.
Apple shares are up 0.3% in early trading on Monday, April 26. Since the beginning of this year, their value has increased by 1.2%.