Apple to employ 20,000 people in US as part of $430bn investment plan

The company said that the deal involves “economic benefits” in all 50 states and is an extension of the one it announced in 2018.

Its original investment was going to be $350bn but the company has raised the budget by 20%.

“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,” CEO Tim Cook said in a release tied to the news.

“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.”

Its main project for the investment is the long anticipated creation of an additional campus in North Carolina. That involves a $1bn investment in the Research Triangle, including 3,000 jobs that will focus on emerging fields like machine learning and Artificial Intelligence.

“Innovation has long been North Carolina’s calling card and Apple’s decision to build this new campus in the Research Triangle showcases the importance of our state’s favorable business climate, world-class universities, our tech-ready workforce, and the welcoming and diverse communities that make so many people want to call North Carolina home,” state leaders said in a joint statement.

“This announcement will benefit communities across our state and we are proud to work together to continue to grow our economy and bring transformational industries and good paying jobs to North Carolina."

The company also outlined a $100m fund for community and schools in the surrounding Raleigh-Durham area, as well as $110m of spending on infrastructure.