Apple is bringing its money home and has a three-part plan to inject the humongous sum of money into the States over the course of five years.
As mentioned on their official website, through several investments and transfers, Apple is bringing its money back home. The IT and smartphone giant has often been criticized for having enormous international reserves, labor force and infrastructure but it seems now Apple is finally shutting down their critics through a plan which will help its country of origin greatly. The company aims to focus on local job creation and plans to do so by investing in local innovators, manufacturers and suppliers whilst also offering direct employment opportunities.
Apple stated that it wishes to use $30 billion in capital expenditure to create 20,000 brand new jobs. The world’s biggest company is also inflating the size of the Advanced Manufacturing Fund from $1 billion to $5 billion in their effort to invest in date centers across the US.
It must be noted that all of the above numbers do not include Apple’s ongoing tax payments, tax revenues generated from employees’ wages and the sale of Apple products. Considering that, these numbers are truly astronomical.