Wednesday, 28 April 2021 17:20

Apple commits USD $430 billion in US investments over five years, including silicon engineering and 5G tech

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Image from Apple Image from Apple

Apple plans to make new contributions of more than $430 billion in the US and add 20,000 jobs across the country over the next five years.

Apple has 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."

Tim Cook, Apple CEO said: "At this moment of recovery and rebuilding, Apple is doubling down on our commitment to US innovation and manufacturing with a generational investment reaching communities across all 50 states.

“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.”

Full details of the rest of Apple's nearly half-trillion dollar investment over the next five years are here


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Alex Zaharov-Reutt

Alex Zaharov-Reutt is iTWire's Technology Editor is one of Australia’s best-known technology journalists and consumer tech experts, Alex has appeared in his capacity as technology expert on all of Australia’s free-to-air and pay TV networks on all the major news and current affairs programs, on commercial and public radio, and technology, lifestyle and reality TV shows. Visit Alex at Twitter here.

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