Apple boosts US investment pledge to $430bn

28 April, 2021 12:00 AM printer

SAN FRANCISCO: Apple announced Monday it plans to boost its investment plans in the United States to US$430 billion over the next five years, saying this would add about 20,000 jobs.

The updated plan includes more than US$1 billion for a new campus and engineering hub in the Research Triangle area of North Carolina, report agencies.

Apple also plans to invest “tens of billions of dollars for next-generation silicon development and 5G innovation across nine US states”, a statement said.

The California tech giant said it was increasing its 2018 goal of US$350 billion in US investments after Congress passed a measure lowering taxes on repatriated profits for American firms.