Apple to accelerate investments in the US, to contribute $350 Billion in next five years

Apple announced that it is accelerating its investments in the U. S. standing by its commitment to support the US economy. With Apple's current phase of spending with domestic suppliers and manufacturers, the company estimates a $55 billion contribution for 2018 and a total of $350 billion in the next five years. The overall contribution of $350 will not include the Apple’s ongoing tax payments, the tax revenues generated from employees' wages and the sale of products. The company further mentioned that it is looking at investing $30 billion over the next five years and create over 20,000 new jobs through hiring at existing campuses and opening a new one. Apple is also planning to open a new campus in a new location which will be announced later this year and this new campus will initially employ technical support for customers. Over $10 billion of Apple’s expanded capital expenditures will be investments in data centers across the US. Apple has also announced that it is starting its work for a new facility in downtown Reno, which will support its existing Nevada facilities. Like most Apple facilities, the new campus announced today will also be powered entirely by green energy. The Cupertino company also said that it is increasing ...