Apple Inc. (AAPL) announced some major expansion and job creation plans at its facilities across the US. The most noteworthy one at present is the company’s plan to invest $1 billion to build a new campus in Austin, Texas.
The 133-acre campus will be located close to the company’s existing facilities and will have a workforce of 5,000 employees with the capacity to add an additional 10,000. The jobs at the campus will include a wide range of functions from engineering and R&D to sales and customer support.
Apple is also looking to open new sites in Seattle, San Diego and Culver City and expand operations in cities including Pittsburgh and New York, along with additional expansion plans in other locations across the US.
The iPhone-maker has plans to grow its employee base significantly in these regions over the next three years. Apple recently opened a new office in Tennessee and has projected that its Miami office will double in size over time.
In 2018, Apple added 6,000 jobs in the US, bringing its total workforce in all 50 states to 90,000 employees. The company employs more than 1,000 people in 16 states. Apple plans to invest $30 billion in capital expenditures and create 20,000 jobs in the country over the next five years.
The tech giant also plans to invest $10 billion in US data centers over the coming five years, including $4.5 billion in this year and next. The company is expanding its data centers in Arizona, Nevada and North Carolina and is getting ready to open a new one in Iowa.
These plans are likely to be appreciated by President Donald Trump who has been urging companies, including Apple, to make products in the US. Last month the President threatened to place tariffs on iPhones produced in China. Apple has struggled quite a bit with the trade war and tariffs this year.
Over the past three months, Apple’s shares have fallen 22% while in the past one month, the stock has dropped 11%. The stock was up 1.17% in morning trade on Thursday.
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