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Apple Plans to Invest $1 Billion on A Huge New Campus In Austin, Texas

Tech giant Apple is all prepared to expand its operations in the US with a plan to build a $1 Billion Campus in Austin, Texas. The new campus will sprawl over an area of 133 acres, and accommodate an initial 5,000 employees

Tech giant Apple is all prepared to expand its operations in the US with a plan to build a $1 Billion Campus in Austin, Texas. The new campus will sprawl over an area of 133 acres, and accommodate an initial 5,000 employees, with the potential to grow this number to 15,000 staff. The plan also includes setting up smaller campuses in Seattle, San Diego, and Culver City. Apple also opened the Foster + Partners-designed Apple Park in the year 2017.

Apple Plans to Invest $1 Billion

Apple CEO Tim Cook said in a statement, “Apple is proud to bring new investment, jobs and opportunity to cities across the United States and to significantly deepen our quarter-century partnership with the city and people of Austin.”

According to Apple, just like its Cupertino campus, the new campus will be powered by 100 per cent renewable energy. The new campus will be situated one mile from its existing facilities. Apart from this investment, Apple is also set to invest $10 billion in data centres in the United States over the next five years.

Apple Plans to New Campus In Austin

The new campus will create a lot of job roles, such as R&D, operations, engineering, finance, sales and customer support.  At this time, around 6200 people are still working in Apple outside Cupertino. And the company has planned to increase its workforce in the U.S. from 90,000 to 110,000 by 2023.

The Houston Chronicle reported that in return for constructing a new site, Apple could be getting around $25 million fund from the Texas Enterprise Fund. Though the expansion of Apple’s business is not entirely all of a sudden, The Financial Times had already reported in November that the Apple is increasing its property by buying up land rapidly over the last two years.

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