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Apple Accelerates $350B in U.S. Investment, Plans New Campus
Cupertino, CA-based Apple plans to invest more than $350 billion over the next five years in the U.S. That includes planned U.S. capital expenditures, investments in American manufacturing and a record tax payment upon repatriation of overseas profits, which will account for roughly $75 billion.
Apple expects to invest more than $30 billion in the U.S. over the next five years, and create over 20,000 new jobs. The company plans to establish an Apple campus in a new location, which will initially house technical support for customers, though the location of this new facility won’t be announced until later in the year. More than $10 billion will be investments in data centers across the U.S.
Apple’s Tim Cook says, “We believe deeply in the power of American ingenuity, and we are focusing our investments in areas where we can have a direct impact on job creation and job preparedness.”
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