Apple spends $1bn in North Carolina to boost US operations

Photo: EPA

Apple unveiled plans to spur activities in US by spending substantial funds and employing thousands of people, Reuters reported. The emphasis of the new initiative will be a campus and an engineering hub, located in North Carolina. Apple plans to expand domestic operations by employing some 3,000 and spend one billion dollars, related to the campus operations.

“As a North-Carolina native, I’m thrilled Apple is expanding and creating new long-term job opportunities in the community I grew up in," Jeff Williams, Apple’s chief operating officer, said in a statement. "We’re proud that this new investment will also be supporting education and critical infrastructure projects across the state."

The company also said it would establish a $100 million fund to support schools in the Raleigh-Durham area of North Carolina and throughout the state, as well as contribute $110 million to help build infrastructure such as broadband internet, roads, bridges and public schools in 80 North Carolina counties.

Apple also said it expanded hiring targets at other US locations to hit a goal 20,000 additional jobs by 2026, setting new goals for facilities in Colorado, Massachusetts and Washington. In Apple's home state of California, the company said it will aim to hire 5,000 people in San Diego and 3,000 people in Culver City in the Los Angeles area.

Apple also increased a US spending target to $430 billion by 2026, up from a five-year goal of $350 billion Apple set in 2018, and said it was on track to exceed. The target includes Apple's US data centres, capital expenditures and spending to create original television content in 20 states. It also includes spending with Apple's US-headquartered suppliers, though Apple has not said whether it applies only to goods made in those suppliers' US facilities.

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