Apple is going to increase its investments in the US by 20% and has announced its commitment to invest 430,000 million dollars (355,776 million euros) in the country over the next five years. Specifically, it assures that it will spend “tens of billions” in developing next-generation chips and driving 5G innovation.
The technology giant thus accelerates its previous five-year plan unveiled in 2018, when it said it expected to invest 350,000 million dollars (289,387 million euros) in the US The company has decided to increase the pace because its investments in the last three years have exceeded the provisions included in the original plan, as indicated in a statement.
The iPhone maker will create 20,000 new jobs nationwide (currently employing more than 2.7 million people in the US) and will fund a new campus in North Carolina, where it will invest about $ 1 billion (827 million euros) and will create at least 3,000 jobs focused on machine learning (machine learning), artificial intelligence, software engineering and other fields. Apple said it intends to support schools and infrastructure in that area with investments.
“At this time of recovery and rebuilding, Apple is doubling down on its commitment to innovation and manufacturing in the US with a generational investment that will reach communities in all 50 states,” said Apple CEO Tim Cook.
The company has clarified that its investments will involve direct contributions to US providers, investments in data centers and also audiovisual production for Apple TV +, in addition to other capital expenditures. Productions for its movie and series service could boost job creation in several states, the company added.