Apple Commits $430 Billion Investment And 20k Jobs In US Over Five Years

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Apple’s $430 billion US investments include working with more than 9,000 suppliers and companies large and small in all 50 states

Apple is set to make additional contributions of more than $430 billion in next-generation silicon development and 5G innovation and add 20,000 new jobs across the US over the next five years, the company said in a statement.  

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Over the past three years, Apple’s contributions in the US have significantly outpaced the company’s original five-year goal of $350 billion set in 2018. Apple is now raising its level of commitment by 20 per cent over the next five years, supporting American innovation and driving economic benefits in every state. This includes tens of billions of dollars for next-generation silicon development and 5G innovation across nine US states,” the statement said. 

Apple’s $430 billion US investments include working with more than 9,000 suppliers and companies large and small in all 50 states, supporting American job creation across dozens of sectors, including silicon engineering, 5G, and manufacturing.

Apple CEO Tim Cook said, “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.”

The statement added that as part of its investments and expansion, Apple plans to invest over $1 billion in North Carolina and will begin construction on a new campus and engineering hub in the Research Triangle area. The investment will create at least 3,000 new jobs in machine learning, artificial intelligence, software engineering, and other cutting-edge fields.

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

As Apple grows its teams and operations in the US, the company is committed to doing so in an environmentally responsible manner with a focus on renewable energy and green innovation. Apple is carbon neutral for all of its operations in the US and around the world, and last year committed to being 100 per cent carbon neutral for its entire supply chain and products by 2030.

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