On Wednesday, Apple announced it will invest over $30 billion in capital expenditures in the U.S. over the next five years, as well as building a new campus in the United States and hiring 20,000 more employees in that same period. 84,000 people currently work for Apple; most of them in California.
The location of the new campus will be revealed later this year. Apple’s statement noted that Apple has created and supported over two million jobs in the U.S. and that the company will spend roughly $55 billion in 2018 with domestic suppliers and manufacturers. Apple estimated its direct contribution to America’s economy over the next five years would total over $350 billion.
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