X

Apple Made a $30B Promise. It Just Started Delivering

Company is planning a $1B campus in Austin, smaller-scale campuses in other cities
By Newser Editors and Wire Services
Posted Dec 13, 2018 9:03 AM CST
In this Sept. 12, 2018, file photo, Apple CEO Tim Cook discusses the new Apple iPhones and other products during an event to announce new products in Cupertino, Calif.   (AP Photo/Marcio Jose Sanchez, File)
camera-icon View 2 more images

(Newser) – Apple will build a $1 billion campus in Austin, Texas; break ground on smaller locations in Seattle, San Diego, and Culver City, Calif.; and over the next three years expand in Pittsburgh, New York, and Colorado. The tech giant said Thursday that the new campus in Austin, less than a mile from existing Apple facilities, will open with 5,000 positions in engineering, research and development, operations, finance, sales, and customer support, per the AP. The site, according to Apple, will accommodate 15,000 employees. The three other new locations will have more than 1,000 employees each. Early this year, Apple said it would make more than $30 billion in capital expenditures in the US over the next five years. That, the company said in January, would create more than 20,000 new jobs at existing and new campuses that Apple planned to build.

There are already 6,000 Apple employees in Austin, its largest operation outside of company headquarters in Cupertino, Calif., where 37,000 people are employed. Apple said nearly a year ago that it would begin canvassing the US for another campus. Cities offered incentives to lure the company, but CEO Tim Cook avoided a high-profile competition that pitted them against one another as Amazon did over the last year and a half. Annual pay will vary at the new locations, but Apple workers in Cupertino have an average annual salary of about $125,000, according to a report the company submitted to the city. "Apple has been a vital part of the Austin community for a quarter century, and we are thrilled that they are deepening their investment in our people and the city we love," said Austin Mayor Steve Adler in a statement Thursday.

(Read more Apple stories.)

My Take on This Story
Show results without voting  |  
3%
24%
3%
56%
4%
10%