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

  • 📰 CNN
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 95%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in ZA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Common man ques to GOI 1. Why not you hv catered for oxygen & medical eqpt since last year? 2. Why dafuk election carried out during covid? 3. Why only tweet war? 4. Vaccine deport 5. IPL 6. SC attitude on oxygen hearing You bloody need more thn a year to prepare of this ?

Thanks president TRUMP, America first.

Finally In country manufacturing To bolster Multi billion business Build Back Better union jobs Apple Forwards looking

South Africa South Africa Latest News, South Africa South Africa Headlines