Apple intends to invest $430 billion in the US economy over five years

The company said that a significant share of the investment would be directed to developing 5G technologies and the development of new processors.

Apple intends to invest $430 billion in the US economy over five years to develop innovative technologies. The corresponding statement was published on the company’s website on Monday.

According to the document, the company thus increases the volume of investments by 20% compared to the previous package presented in 2018. A significant portion of Apple’s investment over the next five years will be directed to developing fifth-generation communication technologies (5G) and the development of new processors. In total, the company expects to create about 20 thousand new jobs in the United States.

“In a period of rebirth and recovery, Apple is stepping up its efforts to support innovation and manufacturing in the United States through investments that will be distributed among all 50 states,” said CEO Tim Cook. According to him, the funds allocated by Apple will contribute to the development of advanced technologies using, among other things, artificial intelligence, as well as the development of environmentally friendly production.

In particular, the company’s management plans to create a new Apple office in North Carolina. In addition, the corporation expects to allocate significant funds to support suppliers of components for their products in the United States, invest in the operation of data centers, and create content for the streaming service Apple TV+ in 20 states.

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Author: Steve Cowan
Graduated From Princeton University. He has been at the Free Press since October 2014. Previously worked as a regional entertainment editor.
Function: Chief-Editor
Steve Cowan

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