Apple
commits $430 billion in US investments over five years
CUPERTINO, CALIFORNIA Apple
today announced an acceleration of its US investments, with plans to make new
contributions of more than $430 billion and add 20,000 new jobs across the
country over the next five years. 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 percent 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.
“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,” said
Tim Cook, Apple’s CEO. “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.”
Today, Apple supports more than
2.7 million jobs across the country through direct employment, spending
with US suppliers and manufacturers, and developer jobs in the thriving iOS app
economy. 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.
Apple’s $430 billion in contributions to the
US economy include direct spend with American suppliers, data center
investments, capital expenditures in the US, and other domestic spend —
including dozens of Apple TV+ productions across 20 states, creating thousands
of jobs and supporting the creative industry.
Establishing a New North
Carolina Campus
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 will also establish a $100 million fund
to support schools and community initiatives in the greater Raleigh-Durham area
and across the state, and will be contributing over $110 million in
infrastructure spending to the 80 North Carolina counties with the greatest
need — funds that will go toward broadband, roads and bridges, and public
schools. When up and running, Apple’s investments are expected to generate over
$1.5 billion in economic benefits annually for North Carolina.
Expanding Apple’s US
Operations
Apple is on track to meet its 2018 goal of
creating 20,000 new jobs in the US by 2023. With today’s 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 percent 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.
Apple has also surpassed its 2018 hiring
commitments in Miami, New York, Pittsburgh, and Portland, Oregon.
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. To date, nearly
60 of Apple’s US sites are LEED certified. Apple is carbon neutral for all of
its operations in the US and around the world, and last year committed to be
100 percent carbon neutral for its entire supply chain and products by 2030.
Creating American Jobs with
Manufacturers and Suppliers Nationwide
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.
To foster innovation and growth in the sector,
Apple launched its $5 billion Advanced Manufacturing Fund in 2017. Awards from
the fund have led to breakthrough innovations in laser technology, sustainable
material development, 5G infrastructure, and other cutting-edge fields.
·
Indiana: A new $100 million Advanced Manufacturing Fund
investment to open a state-of-the-art facility and distribution center in
Clayton, which will be operated by XPO Logistics, will accelerate delivery
timelines and personalization. The award is expected to create around 500 jobs
at the facility.
·
Kentucky: Corning was the first recipient of an
award from Apple’s Advanced Manufacturing Fund, and has received $450 million
to support research and development into state-of-the-art glass processes,
equipment, and materials. These awards led to the creation of Ceramic Shield, a
new material that is tougher than any smartphone glass. Apple’s investment has
helped support more than 1,000 jobs across Corning’s US operations in Kentucky
and other facilities.
·
Texas: Apple began working with II-VI in Sherman,
Texas, in 2017 as part of the company’s Advanced Manufacturing Fund. The laser
technology that II-VI manufactures in Texas, New Jersey, Pennsylvania, and
Illinois are integral components that help power Face ID, along with Memoji,
Animoji, and more.
·
California,
Colorado, Maine, Massachusetts, New York, Oregon, Texas, Vermont, and
Washington: Apple is spending tens of billions of
dollars across these nine states in silicon engineering and 5G technology — two
pivotal fields shaping the future of next-generation consumer electronics. With
the launch of the 5G-enabled iPhone 12 lineup and the new iPad Pro, Apple has
helped expand and expedite 5G adoption across the country, driving innovation
and significant job growth among companies that support 5G innovation and infrastructure.
The company also recently expanded its New Silicon Initiative — designed to
prepare students for careers in hardware engineering and silicon chip design —
to engineering programs at Historically Black Colleges and Universities across
the country.
·
Apple is also making industry-leading
investments in new clean energy projects and green technology in the US and
around the world. Just last month, Apple announced a massive new US energy
storage project in California’s Monterey County — joining other energy storage
projects the company has invested in, including its microgrid at Apple Park.
·
Apple continues to be a clean energy leader
through its $4.7 billion Green Bond spend, with recent investments in solar and
wind projects in Nevada, Illinois, and Virginia — bringing clean energy and
high-paying jobs to local communities across the country.
·
Apple also continues to support jobs in the
innovative iOS app economy, which facilitated $138 billion of commerce in 2019
in the US alone. More than 85 percent of those proceeds go straight to
third-party developers. Today, the App Store supports more than 2.1 million US
jobs across all 50 states.
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