Apple Inc on Monday said that it would open an engineering hub in North Carolina, marking its first major campus on the US’ east coast as part of an increased commitment to investing domestically.
The Cupertino, California-based technology giant said that it would spend US$1 billion in the area around Raleigh Durham and Chapel Hill, known as the Research Triangle and home to other big companies that have a significant presence there, including IBM Corp, Cisco Systems Inc and GlaxoSmithKline PLC.
Apple said that it would create 3,000 jobs at the new site in machine learning, artificial intelligence and software engineering.
Apple’s announcement is part of the iPhone maker’s planned 20 percent increase in US investments over the next five years, allocating US$430 billion in direct spending on US-based suppliers, data center investments, capital expenditures in the US and other projects, including dozens of Apple TV+ productions, and research and development on technologies such as custom silicon and 5G.
The effort would result in 20,000 new jobs, including in San Diego; Los Angeles; Boulder, Colorado; and Boston by 2026, the company said in a statement.
“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 chief executive officer Tim Cook said.
Over the past three years, Apple’s investments have outpaced its original five-year goal of US$350 billion set in 2018, the company said.
However, the firm has also been growing. Its shares have gained about 200 percent since the previous investment plan was announced in January 2018, and the company is now worth more than US$2 trillion.
Apple said that it is also the US’ biggest taxpayer, having paid US$45 billion in domestic corporate income taxes in the past five years.
UNSTABLE? Downplaying geopolitical concerns, Mark Liu said that Taiwan can help usher in a bright, new era for the chip industry with its tech and manufacturing skills There are probably not many people who believe that Taiwan is unstable because of geopolitical factors, Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) chairman Mark Liu (劉德音) said yesterday in Taipei in response to comments by Intel’s top executive. Intel CEO Pat Gelsinger on Wednesday told the Fortune Brainstorm Tech summit in California that the US government should support a sustainable semiconductor supply chain in the US, in part because “Taiwan is not a stable place.” With China sending 27 military warplanes into Taiwan’s air defense identification zone on Sunday, Gelsinger asked: Does that “make you more comfortable or less if you’re now
Toyota Motor Corp is to launch an all-electric small sedan in China late next year, having turned to local partner BYD Co (比亞迪) for key technology to finally make an affordable yet roomy runaround, four sources said. Two of the four people with knowledge of the matter described the car as an electric holy grail for Toyota, which has struggled for years to come up with a small electric vehicle (EV) that is competitive on cost in China and does not compromise on comfort. The sources said the breakthrough was chiefly down to BYD’s less bulky lithium-iron-phosphate (LFP) Blade batteries and its
Danish wind turbine maker Vestas A/S yesterday said it has invested NT$1 billion (US$36.07 million) in its local supply chain to supply components for its 9.5 megawatt (MW) V174 turbine. The project has helped created 1,500 jobs, including 150 jobs by Vestas itself, Vestas country manager Alex Robertson said. The turbine is to be used in four offshore wind farm projects for a total of 123 wind turbine generators, or 1.2 gigawatts (GW) of total capacity, he said. “This is localization like I’ve never seen before,” Robertson told a media briefing in Taipei. Vestas highlighted 10 Taiwanese supply chain partners that are
Contract chipmaker Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) and integrated circuit designer MediaTek Inc (聯發科) are optimistic about the “metaverse” concept, expecting it to create major opportunities for the semiconductor industry. At a tech forum last week to commemorate former finance minister K.T. Lee (李國鼎), who has been dubbed the father of Taiwan’s economic miracle and who helped build Taiwan’s semiconductor sector in the second half of the 20th century, TSMC chairman Mark Liu (劉德音) said he expects the metaverse to grow quickly in the next decade. Over the next 10 years, data computing power and transmission speeds are forecast to increase