Apple Commits $430 Billion Over Five Years To US Manufacturing
Apple has increased its planned US investments by 20 per cent over the next five years, earmarking US$430 billion to create 20,000 new jobs, fund a new campus in North Carolina, and develop next generation silicon products.
Apple will also bolster engineering teams across various campuses, spend directly with US suppliers, expand their 5G network, and build “dozens” of Apple TV+ factories across twenty states. It also plans to expand its San Diego team to over 5,000 employees by 2026.
“At this moment of recovery and rebuilding, Apple is doubling down on our commitment to U.S. innovation and manufacturing with a generational investment reaching communities across all 50 states,” said Chief Executive Officer Tim Cook.
Apple has also committed to being carbon neutral for its supply chain and products, worldwide, by 2030.