Apple To Build New Campus In Austin
Apple Inc. (NASDAQ: AAPL) has announced new plans to spend $1 billion on building a new campus in Austin, Texas. The new Austin campus will be located in North Austin and will occupy 133 acres. The new facility will have a workforce of 5,000 employees, with the capacity to add 10,000 more.
Austin is already home to one Apple campus, the company’s largest outside its headquarters in Cupertino, California. The existing Austin facility employs 6,200 workers. The new Austin campus will be located less than a mile from the existing one. The addition of the new campus is expected to make Apple the city’s largest employer.
The company is also planning to add hundreds of new jobs to its existing operations in in a number of U.S. cities, including New York, Boston, Pittsburgh and Portland. Apple will also invest $10 billion in US data centers over the next five years, with plans to spend $4.5 billion this year and in 2019.
In January, Apple announced plans to invest $30 billion in facilities in the United States and create 20,000 U.S. jobs over the next five years. The company created 6,000 jobs in 2018. There are now 90,000 Apple employees across the United States.
To reach its goal, Apple plans to build new offices in Seattle, San Diego and Culver City, California, which is a municipality in the heart of Los Angeles. Each of those offices will house more than 1,000 employees. Apple’s existing office in Culver City operates many aspects of Apple Music, iTunes, and its upcoming TV streaming business.
Apple’s global workforce increased more slowly than the company’s revenue in the last year. The company reported a 7 percent increase in U.S. employees and a 16 percent jump in revenue in its fiscal year ended Sept. 29.