Social Media Sidebar

Announcement

Please sign up, comment on articles and bring your friends!

Current poll

PlanetTech is asking:

What do you think about our new web site?

Love it, indeed
Really good solution
Same as old one
The old one was better
This is a new option

Quote of the day

Just because something doesn’t do what you planned it to do doesn’t mean it’s useless.

 

Thomas Edison

Apple will build a new $1 billion campus in Austin amid its ongoing U.S. hiring spree

RATE THIS! +7
Posted in Business on 13th Dec, 2018 02:20 PM by Alex Muller

Apple announced it will spend $1 billion on a new campus in North Austin while also opening new offices in Seattle and Southern California. In a press release, the company also sought to emphasize its economic impact across the U.S.

 

That includes the new sites announced in Seattle and in San Diego and Culver City, California, as well as expansions in current locations, such as Pittsburgh, New York, and Boulder, Colorado, through 2022.

 

“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,” said Apple CEO Tim Cook in a statement. “Talent, creativity, and tomorrow’s breakthrough ideas aren’t limited by region or zip code, and, with this new expansion, we’re redoubling our commitment to cultivating the high-tech sector and workforce nationwide.”

 

The investment comes at a strategically and politically sensitive time for the company. With iPhone unit sales relatively flat over the past three years and investors nervous about rumours that new iPhone sales are lackluster, the announcement projects a sense of confidence about the future of the company.

 

By the same measure, Apple has been one of the companies often in the crosshairs of President Trump’s tirades about overseas manufacturing. Indeed, there continues to be ongoing concern that an on-again, off-again trade war with China could damage Apple. The company seems to be going out of its way to not just announce a campus, but to drive home the fact that it touches almost every corner of the American economy.

 

Still, the most notable part of the investment will be the 133-acre campus In North Austin that will be built about 1 mile from the current location. The new site will have 5,000 employees, with the potential for 15,000. With 6,200 employees, Austin was already Apple’s second biggest site outside Silicon Valley, and it is on track to become the city’s largest employer.

 

The company also said it hired 6,000 people in the U.S. last year, bringing its total domestic employment to 90,000. That includes a new office recently opened in Nashville, Tennessee.


Tags: Applebusinessjobseconomy

Read original article » Back to category

Comments

View comments by:
Author: Guest
Posted: 2018-12-20
+0
ZWZguN Really appreciate you sharing this post.Really looking forward to read more. Awesome. Reply


 

Recent headlines

  • Posted in Science on 2019-01-05 00:26:50
    China Lands Chang'e 4 on the Far Side of the Moon..read more
    Posted in Science on 2018-12-31 00:24:45
    Support for Human Gene Editing to Fix Diseases in Latest.....read more
    Posted in Science on 2018-12-31 00:15:06
    Will Mimicking The Nervous System Advance Artificial.....read more
    Posted in Science on 2018-12-26 15:04:48
    NASA Gives Us Sugar in Space to Confirm Building Blocks.....read more
    Posted in Business on 2018-12-21 22:48:10
    US Air Force Funds SpaceX Starlink For $28.7 Milllion..read more
Posted in Business on 2013-10-10 01:33
China is working towards a manned lunar mission in about.....read more
Posted in Business on 2013-10-20 07:17
Spacex says China is their main competitor for commercial.....read more
Posted in Software on 2013-10-20 06:43
Pirate Bay Browser Clocks 1,000,000 Downloads..read more
Posted in Medicine on 2013-10-10 02:10
Google reportedly investing hundreds of millions into new.....read more
Posted in Medicine on 2013-10-14 03:13
Endothelial Cells Can Repair and Regenerate Organs,.....read more
Posted in Science on 01.01.2010
Spacex says China is their main competitor for commercial.....read more
Posted in Science on 01.01.2010
Staring at Your Phone Could Be Making You Short Sighted..read more
Posted in Science on 01.01.2010
Oculus Rift virtual reality headset coming to mobile, but.....read more
Posted in Science on 01.01.2010
China is working towards a manned lunar mission in about.....read more
Posted in Science on 01.01.2010
Delivering drugs via nanoparticles to target mitochondria..read more

Recent Blog Posts

  • Posted by AlexMuller
    Even light drinking increases risk of death..read more
    Posted by AlexMuller
    Researchers have discovered how to slow aging..read more
    Posted by AlexMuller
    Human retinas grown in a dish explain how color vision develops..read more
    Posted by AlexMuller
    The smartphone app that can tell you’re depressed before you.....read more
    Posted by AlexMuller
    Neural networks don’t understand what optical illusions are..read more

Login to your Account

Login to your PlanetTech Account here

Username:
Password:
Remember me
or

Create a New Account

You just need username and password

The following errors occured:
Username:
Email:
Password:
Verify password:
Remember me