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Apple to invest $1 billion for its new campus in Austin

The new Apple campus will have 50 acres of preserved open space and will be powered by 100 per cent renewable energy.

Written by: Suhail Sattar, New Delhi [ Published on: December 14, 2018 12:46 IST ]
Image Source : PIXABAY/MATCUZ

Apple to invest $1 billion for its new campus in Austin

Apple, the US-based tech giant has announced of setting up a new campus in Austin with almost $1 billion investment. Apple also has plans to establish new sites in Seattle, Culver City, San Diego and expand in cities across the US that includes New York, Pittsburgh and Boulder, Colorado in a time frame of three years.

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The new employee campus in Austin will be constructed in a large area that would be big enough to house 15,000 additional employees.

Tim Cook, the Apple Chief Executive Officer said in a statement, "With this new expansion, we’re redoubling our commitment to cultivating the high-tech sector and workforce nationwide".

IN 2018 Apple added 6,000 jobs to its American workforce and now has 90,000 employees in all 50 states. The company has announced in January that it was on track to create 20,000 jobs by 2023 in the US. The new Austin campus will be located less than a mile from its existing facilities.

The jobs that will be created at the new campus will include a broad range of functions that would comprise of R&D, engineering, finance, operations, sales and customer support. The new campus will have 50 acres of preserved open space and will be powered by 100 per cent renewable energy, just like other Apple facilities worldwide. Apple is also planning on investing $10 billion in the US data centres, projected for the next five years that includes $4.5 billion this year as well as the next year.

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