Apple announced on Monday morning that it plans to invest more than $430 billion and add 20,000 jobs across the US over the next five years. Initially, Apple established a five-year US investment goal of $350 billion in 2018, but the company says it’s on pace to surpass that benchmark well before 20…
Apple announced on Monday morning that it plans to invest more than $430 billion and add 20,000 jobs across the US over the next five years. Initially, Apple established a five-year US investment goal of $350 billion in 2018, but the company says it’s on pace to surpass that benchmark well before 2023, which is why it has increased its commitment by 20%. Apple’s investment will include next-gen silicon development and 5G innovation. In a press release regarding the investment, Apple notes that it currently supports more than 2.7 million jobs in the US through direct employment, spending with manufacturers and suppliers, and developers that build apps for the iPhone and iPad. The company also points out that it is the largest taxpayer in the country, having paid close to $45 billion in domestic corporate income taxes over the past five years.
