Apple to sink in $1 billion for its new campus in Texas

With this move, Apple will create 20,000 jobs in the U.S. and will plough in more than $10 billion, apart from the $1 billion for its new campus, over the next 5 years.

Apple Inc stated, it would sink in $1 billion for its second campus in North Austin, Texas; it would also invest a further $10 billion over the next five years for new data centres. The moves are expected to create nearly 20,000 jobs in the United States.

In January 2018, Apple had promised to invest $30 billion in the U.S in the face of strong political pressure to ramp up investments at home.

U.S. President Donald Trump had warned that Apple products, including iPhones, imported from China could face import duties.

The 133-acre new campus at Austin, which is already home to the second largest number of Apple employees outside Cupertino, will be located less than a mile away from Apple’s existing facilities. It will first house 5,000 new employees and have the capacity to expand to 15,000.

Apple stated, it will also set up sites in Seattle, Culver City, California and San Diego and will expand operations in New York, Pittsburgh, and Boulder, Colorado over the course of the next three years.

In 2018, Apple stated it has added 6,000 jobs to its U.S.; it plans plans to hire more than 1,000 employees from each state such as Culver City, Seattle, and San Diego.

Apple said, jobs at its new Austin center would include engineering, research and development, finance and sales functions.

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