/Apple to Build $1 Billion Texas Campus and Thousands of Jobs Across U.S.

Apple to Build $1 Billion Texas Campus and Thousands of Jobs Across U.S.

Apple stated on Thursday that it might broaden its operations in Austin, Tex., with a brand new $1 billion campus that will almost double the scale of the corporate’s present 6,000-employee work pressure within the space.

The firm stated it additionally deliberate to set up new, 1,000-worker operations in San Diego, Seattle and Culver City, Calif., and to add tons of of staff in workplaces in New York, Pittsburgh and Boulder, Colo. over the following three years. It employs 90,000 folks throughout the United States.

“Apple is proud to bring new investment, jobs and opportunity to cities across the United States and to significantly deepen our quarter-century partnership with the city and people of Austin,” Tim Cook, Apple’s chief government, stated in a press release.

The announcement comes as different tech giants search to broaden past their West Coast roots. Amazon final month introduced elements of New York and Virginia because the winners of its yearlong magnificence contest for a brand new headquarters, whereas Google is claimed to be contemplating greater than doubling its 7,000-employee work pressure in New York.

None of the new positions announced by Apple on Thursday appeared to involve manufacturing.

The new 133-acre campus in North Austin will initially employ 5,000 workers in engineering, research and development, operations, finance, sales and customer support. It will ultimately have the capacity to accommodate up to 15,000 workers. Apple said it expected that its expanded presence would make it the area’s largest employer.

[Photos: In 2016, we went inside Apple’s sprawling Texas campus. See what it looked like.]

Governor Greg Abbott of Texas hailed Apple’s decision on Thursday as “a testament to the high-quality work force and unmatched economic environment that Texas offers.”

[Read more: Apple’s rapid growth in Texas has provided a window into the vast constellation of jobs at the world’s largest technology company and their economic impact. Read our report.]

Unlike Amazon, which highly publicized its search for its new headquarters, Apple has been relatively quiet about its expansion plans. But the $5 billion headquarters the company opened in Cupertino, Calif., last year may hint at the effect the new Austin campus will have on the city, Texas’s capital.

In August, Apple became the first publicly traded American company worth more than $1 trillion after a series of remarkably profitable quarters. But its stock took a hit in November after the company said it would stop reporting how many iPhones, iPads and Mac computers it sold each quarter, figures central to understanding Apple’s performance.

An expected slowdown in iPhone sales, which account for nearly 60 percent of Apple’s revenue, has weighed heavily on the company’s share price since then. It has been pulled down further by Mr. Trump’s suggestions last month that tariffs might be placed on Apple devices imported from China.

Source link Nytimes.com

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