Apple Plans Major Investment in U.S., Says 20,000 Jobs On Deck
Apple today outlined plans to contribute up to $350 billion to the U.S. economy across various avenues over the next five years. The company will invest some $30 billion in capital expenditures by opening a new campus and creating 20,000 new jobs. Apple already employs about 84,000 people in the U.S. The new Apple campus (location to be announced at a later date) will house technical support for customers. The company will invest $10 billion in data centers around the courtly, such as a new facility that broke ground today in Reno, Nev. Apple will power these facilities with 100% renewable energy. Apple said it is increasing the size of its Advanced Manufacturing Fund, first announced last spring, from $1 billion to $5 billion. The fund will continue to support ingenuity from American manufacturers. Further, Apple said it will work closer with its American suppliers to procure parts and materials for its own products. The company intends to provide more direct support to coding and science, technology, engineering, arts and math (STEAM) education. For example, it will expand initiatives such as its Swift Playgrounds coding app for kids. The company hopes these efforts will eventually pay off for developers. Apple claims the iOS app economy alone has created 1.6 million jobs and generated $5 billion in revenue for U.S companies in 2017 alone. "Apple is a success story that could only have happened in America, and we are proud to build on our long history of support for the U.S. economy," said Tim Cook, Apple’s CEO. "We believe deeply in the power of American ingenuity, and we are focusing our investments in areas where we can have a direct impact on job creation and job preparedness."
Dec 13, 2017
Apple today said it plans to invest $390 million in Finisar, the Texas-based supplier of its VCSEL (vertical-cavity surface-emitting lasers) wafers. Apple uses the VCSEL technology in the iPhone X to power Face ID, Animoji, and portrait photography in the TrueDepth camera.
Dec 13, 2018
Apple today announced plans to build a new campus in Austin and expand its presence in a wide range of other markets with new hires. The company will invest $1 billion in the Austin campus, which entails a 133-acre site capable of handling up to 15,000 employees.
Mar 7, 2018
Looking to assuage fears in the U.S. government, Broadcom today committed to creating a $1.5 billion fund that it will use to invest in technology and engineers.
Nov 21, 2017
Sprint is adjusting its top ranks in an effort to streamline its management structure, according to an internal memo obtained by Fierce Wireless. To start, a number of executives are departing the company, including COO GÃ¼nther Ottendorfer, who's been behind a lot of Sprint's network advancements.
And they'll be manned by immigrants.