Apple announces $430 billion investment in US, 20K new jobs

Apple on Monday said that it will invest $430 billion across the U.S. and add 20,000 new jobs nationwide over the next five years, including establishing a new North Carolina campus. 

The $430 billion commitment raises Apple’s original five-year goal of $350 billion set in 2018 by 20 percent, the company said. 

The investment includes a plan for $1 billion to go towards establishing Apple’s new campus in North Carolina that the company said will create at least 3,000 new jobs in machine learning, artificial intelligence and software engineering.

Apple said it will begin construction on a new campus and engineering hub in the Research Triangle area, a region in the state surrounded by universities in the cities of Raleigh, Durham and Chapel Hill.

The Silicon Valley giant said it will also establish a $100 million fund to support school and community initiatives in the greater Raleigh-Durham area and across the state, and will continue over $110 million in infrastructure spending to the 80 North Carolina counties with the greatest needs. 

Apple’s plans also include adding more jobs in its home state of California. The company said it plans to grow its San Diego team to more than 5,000 employees and its Culver City team to more than 3,000. 

Additionally, Apple’s plans include adding jobs to its locations in Massachusetts, Washington state, Iowa and Colorado. 

The tech giant also said that construction for its $1 billion Austin campus is underway in Texas, and employees are expected to start moving into the space next year.