Between the disruption of foreign manufacturing and its planned German Silicon Factory, much of the focus recently has been on Apple’s overseas supply chain. But, in an effort to revive the US economy, Apple is now highlighting its national contributions. The iPhone maker announced today that it will open a new campus and engineering center in North Carolina, as part of a five-year plan to inject $ 430 billion into the U.S. economy.
Apple to spend $ 1 billion on the new site in the Research Triangle region, which is home to a trio 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 positions. You can expect to see many more vacancies appear on Apple’s career site in general, with the company planning to create a total of 20,000 new jobs over five years.
The investment also includes “tens of billions of dollars” for silicon engineering and 5G technology – seen as crucial for its new and upcoming devices, and reported companies such as electric vehicles – in nine states. They include California, Colorado, Maine, Massachusetts, New York, Oregon, Texas, Vermont, and Washington. Ultimately, the company says the $ 430 billion investment will trickle down to all 50 states as it envisions a supply chain made up of more than 9,000 US companies large and small.
Along with its recently announced chip site in Munich, the focus on silicon will likely be seen as a reaction to the global semiconductor shortage. Apple would delayed production of some MacBook and iPad models due to the shortfall, which affected electronics and automobile Industries.
The tech company before pledged a multi-year total of $ 350 billion for the US economy. Today, Apple said it exceeded this target, initially set in 2018, and is on track to create 20,000 new jobs by 2023. The announcement follows a record for the first fiscal quarter for the company that saw it generate $ 111.4 billion in sales following its first IPhone 5G. Apple is preparing to announce its second quarter results on Wednesday April 28 and recently unveiled a series of new devices to its On springs Event.
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