SAN FRANCISCO: Apple announced Monday it plans to boost its investment plans in the United States to US$430 billion over the next five years, saying this would add about 20,000 jobs.
The California tech giant said it was increasing its 2018 goal of US$350 billion in US investments after Congress passed a measure lowering taxes on repatriated profits for American firms. "We're creating jobs in cutting-edge fields - from 5G to silicon engineering to artificial intelligence - investing in the next generation of innovative new businesses, and in all our work, building toward a greener and more equitable future."The news comes with Apple and other tech giants facing heightened antitrust scrutiny for their growing dominance of key economic sectors, which has increased during the pandemic.