Apple will increase its spending in the US by 20%

[NEW YORK] Apple on Monday said it would increase its spending in the United States by 20 per cent, or US$80 billion, over the next five years and that it planned to build a new office in North Carolina.

The company said it would invest more than US$1 billion in that state, with a new office in the Raleigh-Durham area and at least 3,000 new jobs there. Many of those jobs will be in high-tech fields such as machine learning and artificial intelligence.

The overall spending includes its operations at its headquarters, in Cupertino, California, and on data centers across the country, as well as the U.S. taxes it pays. But Apple also announced a number of new investments.

Apple said it was expanding in San Diego, Boston, Seattle and Boulder, Colorado. The company also announced a US$100 million investment with a supplier named XPO Logistics to create an advanced distribution center in Clayton, Indiana, a small town outside Indianapolis.

Apple said it was on track to meet its 2018 goal of creating 20,000 new American jobs by 2023. On Monday, it set a new target of an additional 20,000 jobs in the United States over the next five years. Those jobs include some people hired directly by Apple but also positions at Apple suppliers and data centers. Apple said those jobs now included dozens of TV productions across 20 states for its Apple TV+ video-streaming service.

The company said its overall spending would reach US$430 billion in the United States over the next five years.

In 2018, the company said it would spend US$350 billion in the country over the following five years. That figure included a one-time US$38 billion tax payment as it moved billions of dollars it was holding overseas under the new tax law signed by then-President Donald Trump. Under the law, Apple saved an estimated US$43 billion, more than any other company.

NYTIMES