In 2018, Apple announced a $350 billion investment to create 20,000 new jobs in the span of five years, but things went better than expected, leading to a revision of the original plan. Today the company presented it, and it seems Apple will increase its investment by $80 billion over the next five years. This investment will help stimulate the US economy by building and expanding more sites in the US, creating 20,000 job openings, and promoting the use of national suppliers.
Apple will spend $1 billion on the new site located in the Research Triangle area, home to a trifecta of higher-education institutions including North Carolina State University, Duke University and the University of North Carolina. The project will see Apple employ 3,000 people in machine learning, artificial intelligence and software engineering posts. You can expect to see a lot more vacancies popping up on Apple’s careers site in general, with the company planning to create a total of 20,000 new jobs over five years.
The investment also encompasses “tens of billions of dollars” for silicon engineering and 5G technology deemed as crucial to its new and upcoming devices, and reported ventures like electric vehicles across nine states. They include California, Colorado, Maine, Massachusetts, New York, Oregon, Texas, Vermont and Washington. Ultimately, the company states that the $430 billion investment will filter through to all 50 states as it eyes a supply chain composed of more than 9,000 US companies large and small.
Along with its recently announced Munich chip site, the emphasis on silicon will likely be viewed as a reaction to the global semiconductor shortage. Apple has reportedly delayed the production of some MacBook and iPad models due to the shortfall, which has affected the electronics and automotive industries.
Tim Cook, Apple’s CEO, said that “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.” He also added that Apple is “creating jobs in cutting-edge fields… investing in the next generation of innovative new businesses, and in all our work, building toward a greener and more equitable future.”
