Apple (AAPL) - Get Report said that it will be investing more than $430 billion in the U.S., which will help to create roughly 20,000 jobs over the next five years. This move is being made in an effort to base itself more heavily in the U.S. and rely less on global chains.
But the biggest focus for this moment in time is its investment of $1 billion in a campus in North Carolina.
“At this moment of recovery and rebuilding, Apple is doubling down on our commitment to U.S. innovation and manufacturing with a generational investment reaching communities across all 50 states,” Apple CEO Tim Cook said in a statement. “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.”
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