Apple augments U.S. investments by 20% over five years to $430 Billion

Apple Inc. today announced its renewed  U.S. investments with plans to make new contributions of more than $430 billion and add 20,000 new jobs across the country over the next five years to develop next-generation silicon and impulse 5G wireless innovation across the nine U.S. states, after outpacing its growth expectations during the Coronavirus pandemic.

“At this moment of recovery and rebuilding, Apple is doubling down on our commitment to US innovation and manufacturing with a generational investment reaching communities across all 50 states,” said Chief Executive Officer Tim Cook.

As a part of its extension plan, Apple plans to invest $1 billion in North Carolina which will create nearly 3,000 new jobs in the technology sector. 

Apple plans to establish a  $100 million fund to support schools and community initiatives in the greater Raleigh-Durham area.

Apple is committed to executing these plans in an environmentally sustainable way. Almost 60 of Apple’s U.S. sites are LEED-certified, the company added.

Apple said it is carbon neutral for all of its operations in the U.S. and around the world, and last year vowed to be 100% carbon neutral for its whole supply chain and products by 2030.