Apple Wants to Invest $80 Billion More in the U.S. for its 5-Year Plan
Posted on 04/27/2021
Apple Inc. revealed plans to increase investments in the United States. Apple seeks spend around US$ 430 billion in the U.S. over the next 5 years. This is a 20% increase from Apple’s original 5-year goal of $350 billion set in 2018.
Part of this capital expenditure will be geared toward next-generation silicon development and 5G innovation across nine U.S. states. As part of its investments and expansion, Apple plans to invest more than US$ 1 billion in North Carolina and will begin construction on a new campus and engineering hub in the Research Triangle area. Apple will make a US$ 100 million fund to support schools and community initiatives in the greater Raleigh-Durham area and across North Carolina. Apple plans to rapidly expand its teams and operations across other states, including California, Colorado, Massachusetts, New York, Texas and Washington, according to the press release
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