Apple To Spend $430 Billion In The US And Create 20,000 Jobs By 2023

Apple said on Monday that it will spend $430 billion on US-based projects in the future, including the creation of 20,000 jobs over the next five years and a new campus in North Carolina.

Apple's original plan was to spend $350 billion, but the iPhone-maker is raising that by 20 percent over the next five years to reach $430 billion. Apple said "tens of billions" of this investment will span "next-generation silicon development" and "5G innovation."

A rendering of Apple's new campus in Austin (Rendering: Studio8 Architects and WP Visions)

"At this moment of recovery and rebuilding, Apple is doubling down on our commitment to US innovation and manufacturing with a generational investment reaching communities across all 50 states," Apple CEO Tim Cook said in a statement.

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