Apple doubles down on the United States, promising another $80 billion investment

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Apple is doubling down on its manufacturing presence in the US. The company says it's bolstering a previously announced investment by an additional 20% and adding another 20,000 new jobs.

The ocmpany said that its investment -- now increased to $430 billion -- comes as its contributions have"significantly outpaced" its original 2018 commitment of $350 billion to new facilities and the creation of 20,000 jobs. The fresh investment stretches across 9,000 companies in all 50 US states, supporting new technology, including 5G and silicon engineering.

Another central part of Monday's announcement is a new campus and engineering hub near Raleigh, North Carolina. The $1 billion investment will create new jobs focusing on machine learning, artificial intelligence, software engineering, it said. Read MoreApple also pointed out that it's the"largest taxpayer" in the United States, paying more than $45 billion in domestic corporate income taxes in just the past five years.

 

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