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Apple announces plans to invest more than $430 billion over the next five Years, creating 20,000+ new Jobs in the U.S.
This morning, Apple announced an acceleration of its US investments, with plans to make new contributions of more than $430 billion and add 20,000 new jobs across the country over the next five years.
Over the past three years, Apple’s contributions in the US have significantly outpaced the company’s original five-year goal of $350 billion set in 2018. Apple is now raising its level of commitment by 20 percent over the next five years, supporting American innovation and driving economic benefits in every state. This includes tens of billions of dollars for next-generation silicon development and 5G innovation across nine US states.
Editor’s note: This is a breaking story and will be updated.
CUPERTINO, CALIFORNIA Apple will expand to 700 jobs in Boulder as part of a nationwide investment of $430 billion in U.S. projects and addition of 20,000 new jobs nationwide over the next five years.
The announcement constitutes an increase in Apple’s previously announced five-year U.S. investment goal of $350 billion, an announcement made in December 2018.
“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,” Apple CEO Tim Cook said in a prepared statement. “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.”