Apple Invests Another $1 Billion to Expand Reno Data Center

The investment follows another $1 billion that Apple already made in the Reno Technology Park facility.

Author:: TheStreet Staff
Publish date:: May 11, 2017 6:49 AM EDT

Apple (AAPL) - Get Report plans to invest $1 billion to expand a data center in Reno, Nev.

The investment follows another $1 billion that Apple already made in the Reno Technology Park facility, according to the Reno Gazette-Journal.

Apple launched the plan to build the Reno data center in 2012, as part of a deal with the city, county and state that would provide $89 million in tax abatements over a decade. The tax benefits would increase with the new investment, the Gazette-Journal said.

The expansion of the Reno facility will help meet demand for iCloud service, Fortune reported in February.

Apple plans to spend $16 billion on data centers, manufacturing equipment, infrastructure and other capital expenditures this year, the company said in its second-quarter report.

This article was written by a staff member of TheStreet.