Apple will invest $10 billion in data centres
Apple says that is going to invest a total of $30 billion in the US over the next five years creating over 20,000 jobs
Apple unveils that it is going to invest a total of $30 billion in capital expenditure in the US over the next five years.
The announcement is set to create over 20,000 new jobs for Apple by hiring at its existing campuses as well as opening a new one, the location of which will announced later this year.
“We believe deeply in the power of American ingenuity, and we are focusing our investments in areas where we can have a direct impact on job creation and job preparedness. We have a deep sense of responsibility to give back to our country and the people who help make our success possible,” said Tim Cook, Apple’s CEO.
As for the $10 billion investment in data centres, Apple says that it will be adding to its existing billion-dollar data centres and colocation sites and that it is already breaking ground on its Reno data centre that will support its Nevada facilities. The new campus, like all other Apple campuses will be powered entirely by green energy.
Also included in the five year plan is the expansion of its Advanced Manufacturing Fund, which supports innovation among American manufacturers and helps others establish a presence in the US, by increasing it from $1 billion to $5 billion.
In addition, to meet the growing need for coding skills, the company has created an easy-to-learn coding language called Swift. The free Swift Playgrounds app and a free curriculum, plus App development with Swift, are all being used by millions of students in across the US, as well as summer camps and community colleges. Apple will expand these initiatives and create new programmes for teachers and teacher training. As well as this, it will increase funding for its ConnectED programme, which helps students from underserved communities learn to code and have access to technology.
“Apple is a success story that could only have happened in America, and we are proud to build on our long history of support for the US economy,” added Cook.
Overall Apple says that it anticipates making a direct contribution of more than $350 billion to the US economy over the next five years, excluding the company’s ongoing tax payments, the tax revenues generated from employees’ wages and the sale of Apple products.