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 to the United States have far exceeded the company’s initial five-year goal of $ 350 billion set in 2018. Apple is now increasing its engagement level by 20% over the years. next five years, supporting American innovation and stimulating economic benefits in every state. This includes tens of billions of dollars for next-generation silicon development and 5G innovation in nine US states.
“In this time of recovery and rebuilding, Apple is doubling down on its commitment to innovation and manufacturing in the United States with generational investment reaching communities across all 50 states,” said Tim Cook, CEO of Apple. “We are creating jobs in cutting-edge fields – from 5G to silicon engineering to artificial intelligence – by investing in the next generation of new innovative companies, and in all of our work we are building towards a future greener and fairer. ”
Today, Apple supports more than 2.7 million jobs across the country through direct jobs, spending with U.S. suppliers and manufacturers, and developer jobs in the booming iOS app economy. Apple is the largest taxpayer in the United States and has paid nearly $ 45 billion in corporate taxes in the past five years alone.
Apple’s $ 430 billion in contributions to the U.S. economy include direct spending with U.S. vendors, data center investments, U.S. capital spending, and other domestic spending – including dozens of Apple TV + productions in 20 states, creating thousands of jobs and supporting the creative industry. .
Creation of a new campus in North Carolina
As part of its investments and expansion, Apple plans to invest more than $ 1 billion in North Carolina and will begin construction of a new campus and engineering center in the Research Triangle region. This investment will create at least 3,000 new jobs in machine learning, artificial intelligence, software engineering and other cutting-edge fields.
Apple will also create a $ 100 million fund to support schools and community initiatives in the Greater Raleigh-Durham region and statewide, and will contribute more than $ 110 million in infrastructure spending to the 80 counties. of North Carolina who need it most – funds that go to broadband, roads and bridges, and public schools. When operational, Apple’s investments are expected to generate more than $ 1.5 billion in economic benefits per year for North Carolina.