Economy

Apple plans to open new United States campus, add 20000 jobs

Apple plans to open new United States campus, add 20000 jobs

The company has data centers in seven states and also on Wednesday broke ground on an expansion of its operations in Reno, Nevada, where local officials granted it tax breaks on a downtown warehouse.

Less than 2 years ago, Trump said on the campaign trail that his supporters should boycott Apple products, because of the company's stance on encryption in a terrorism investigation.

Apple also said it will make about $38 billion in tax payments on its overseas cash and plans to open a second USA campus as part of a 5-year, $30 billion US investment plan.

"Tim Cook is a great guy - the head of Apple", Trump said at an event in Coraopolis, Pennsylvania on Thursday. While those taxes appear to cover almost all of Apple's massive cash hoard, the company has not revealed whether that cash will be used on US acquisitions, research, or dividends and stock buybacks.

"Cook has been sensitive to criticism that Apple's been dodging US taxes".

White House: US Maintains 'Open Channels' With North Korea
Trump stated that the country is not doing its part in solving the worldwide crisis involving the rogue nation. Trump retaliated with a tweet saying he also has a nuclear button on his desk and that his "button works".

Trump previously lauded Apple for its decision in a Wednesday tweet.

Overall Apple says that it anticipates making a direct contribution of more than $350 billion to the United States 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.

The announcement of a new campus comes after Amazon made a big splash by promising to build a second headquarters somewhere in the country, for which cities have been competing to be the next location.

The company plans to establish an Apple campus in a new location, which will initially house technical support for customers.

"Financial analyst Gene Munster told NPR, "[Apple's] testing have found that people really want to talk to someone for support that's based in the country that they're calling from and so Apple U.S.is their biggest base so they want to accommodate that.


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