Apple will splash out $1 billion on new Austin campus

15 December, 2018, 14:12 | Author: Kevin Carter
  • Apple Remains World's Most Admired Company While Samsung Falters

Apple unveiled plans Thursday for a $1 billion campus in Texas that will create jobs for the tech giant outside Silicon Valley. Apple plans to open three new offices that will each employ at least 1,000 workers in Seattle, San Diego and Culver City, California. Its new campus will be located less than one mile away from Apple's existing offices.

The new North Austin campus will span 133 acres and initially accommodate 5,000 employees, eventually increasing to 15,000.

The Austin expansion will continue Apple's trend of building offices that run entirely on renewable energy.

The Austin Business Journal reports that the Texas capital is the second-largest hub for Apple outside company headquarters.

Apple added 6,000 American jobs in 2018 and now employs 90,000 people in all 50 states.

Apple, maker of all things "i" - iPhone, iPad, I don't even know - is embarking on a massive expansion in the Austin area.

The news of Apple's United States expansion came as Microsoft bought up 130 hectares of land in Sweden, paying two municipalities a total of $29.6m for the two plots. It will cost the company $1 billion to build it.

More news: China slams Canada's 'inhumane' treatment of Huawei CFO

Cities around the country offered financial incentives in an attempt to land Apple's new campus, but Cook avoided a high-profile competition that pitted them against one another, as Amazon had before deciding to build huge new offices in NY and Virginia.

Apple Chief Executive Tim Cook, who pointedly said his company would not engage in a "beauty contest" pitting one region against another, on Thursday issued a statement that said the planned USA expansion was "redoubling our commitment to cultivating the high-tech sector and workforce nationwide".

It will be used for a wide variety of tasks, including engineering, R&D, operations, sales, and more. Austin was named to Amazon's list of 20 finalists but lost out to sites in NY and Virginia, which pledged incentive packages valued at $1.7 billion and $573 million, respectively, for the promise of 25,000 Amazon jobs each and billions of dollars in investment.

"I'm happy to welcome Apple to America's Finest City", San Diego Mayor Kevin Faulconer said.

No mention was made of Raleigh or Research Triangle Park, although the news release did say there was the "potential for additional expansion elsewhere in the USA over time". All in all, Apple is aiming to create as much as 20,000 new jobs by 2023. The company is expanding its data centers in North Carolina, Arizona and Nevada as well, and opening a new location in Iowa.

Apple could be getting some incentives for the Austin expansion in the form of a $25 million grant from the Texas Enterprise Fund, a source familiar with the matter said.



China bans multiple iPhone models from sale
Patents which Apple has stopped paying royalties for, as the company considered that Qualcomm is over-charging for licensing. As of now, the banned models can still be purchased normally from Apple's official website, Jingdong and other channels.

Chinese companies buy more than $180 million worth of U.S. soybeans
The German company BMW AG also exports its sports utility vehicles to China from the USA , and it saw its shares go up by 1.8%. The office of the US Trade Representative, which is leading the discussions, did not respond to a BBC request for comment.

Australia banks on Perth's fast, bouncy pitch to outplay India
With Jadeja in the squad though, there is still possibility to go in with a spinner albeit the temptation is greatly reduced. A fast and bouncy wicket is predicted but it remains to be seen how it will hold up over four or five days.

National Enquirer owner admits coordinating 'catch and kill' payment with Trump campaign
Cohen received a three-year prison sentence Wednesday in part for his involvement in the payments. A spokesperson for AMI declined to comment.

Canton do not land 2020 NFL Draft
When speaking to the media following the lawsuit, Raiders owner Mark Davis stated the team has a "number of options". The league has awarded the 2020 Draft to the city of Las Vegas on Wednesday.

Jurgen Klopp Says He Would Have Paid Double For Alisson After Save
Alisson produced a wonderful save to deny him, however, showing precisely why Liverpool spent £67million on him in the summer. Mohamed Salah's strike against Napoli ensured Liverpool progressed to the knockout stages of the Champions League .

Google's Top Searches of 2018
While the lists include topics from many fields of endeavor, music-related searches were especially popular this year. The top people searched for were Meghan Markle, Demi Lovato , Sylvester Stallone, Logan Paul, and Khloe Kardashian .

Putin: My spy chiefs know nothing about alleged agent Butina in US
Instead, she was attempting to network with Americans to improve relations between the US and Russian Federation . This is the first time the Russian leader commented on Butina's case since she was arrested in summer.

Australia v India: Tourists claim first Test win in Australia since 2008
The hosts were set a target of 323, a score never before successfully achieved in a fourth innings run chase at the Adelaide Oval. To do so, they require seven wickets in a hurry, with India's lead already 166 and Che Pujara building another defining innings.

Top EU court rules United Kingdom can change mind over Brexit
The ECJ's decision comes a day before the British parliament is due to vote on Prime Minister Theresa May's proposed Brexit deal. Speaking to the BBC's Radio 4, cabinet Brexiteer Michael Gove said: "We don't want to stay in the EU".