Apple to build second campus, hire 20000 in US


The new space will initially house tech support for customers.

As the USA largest tax payer, Apple already has over 84,000 employees in the U.S. but said it is allocating $5bn to the Advanced Manufacturing fund, while it has also doing business with 9,000 American suppliers across all 50 states. "We have a deep sense of responsibility to give back to our country and the people who help make our success possible".

Apple, which has 84,000 employees in the USA, said it would meet its goal of adding 20,000 jobs by building a new corporate campus and through hiring at existing facilities.

Apple said it will concentrate its new investments in "three areas where Apple has had the greatest impact on job creation: direct employment by Apple, spending and investment with Apple's domestic suppliers and manufacturers, and fueling the fast-growing app economy which Apple created with iPhone and the App Store".

About 84,000 of Apple's 123,000 workers are in the US.

On Wednesday, Cook told ABC News that the company was going to bring back "the vast majority" of its cash.

A sheet metal fabricator saw-cuts material for Apple's data center expansion in Reno, Nevada.What is the Real Job Creation Number?

The pledge announced Wednesday comes less than a month after Congress approved a sweeping overhaul of the us tax code championed by President Donald Trump that will increase corporate profits. However, this is something that Apple doesn't directly say is the sole motivation.

Apple will reportedly be focusing on three areas in the future: direct employment by Apple, spending and investment with USA suppliers and manufacturers, and helping to grow the thriving app-store economy.

Apple, already the largest USA taxpayer, anticipates repatriation tax payments of $38 billion as required by recent changes to the tax law. This doesn't sound that such a huge investment was primarily a result of GOP's tax plan. Still, it's important to know that some of this "direct contribution" isn't voluntary and is a deemed repatriation required by law.

However, chief strategy officer of GBH Insights, Daniel Ives, told Mercury News,"It would have been tax suicide if they brought it back before the reform law".

Cook also discussed the company's decision to pay employees $2500 in stock grants, "We're one of the few - we're probably the only company of our size where every person is an owner in the company", Cook said.

The new law lowers the corporate tax rate to 21 percent on U.S. profits while providing a sharper discount on overseas cash this year.