Apple continues to find better ways to do business, and now it’s channeling its own business into more of an American focus.
The company announced a major investment move on Monday, amounting to $430 billion that would bring another 20,000 new jobs.
Apple’s 2018 commitment included $350 billion for new facilities, but because of global supply chain strategies – and a sometimes-rocky working relationship with China – its vision has become more focused domestically.
“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,” said Apple CEO Tim Cook in a statement.
The 2018 target of 20,000 new jobs is now doubled, to be added over the next five years, primarily in Colorado, Iowa, Massachusetts, Texas, Washington, New York and California, and there are millions in the U.S. sharing in the facilities plan: 9,000 companies in all 50 US states, supporting new technology.
A key part of Monday’s announcement is that Apple will build a $1 billion campus and engineering hub near Raleigh, N.C.
“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,” Cook said in the statement.
The announcement comes, not only as U.S.-China relations are uncertain but with the burden of the global semiconductor shortage.
Apple added that it’s the “largest taxpayer” in the United States, paying more than $45 billion in domestic corporate income taxes the past five years. And that could grow significantly as the White House nears a corporate tax-rate-increase decision.