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Apple to invest $1 billion in new Austin campus

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Apple to invest $1 billion in new Austin campus

Tim Cook, CEO of Apple unveils new products during a launch event at the Brooklyn Academy of Music on October 30, 2018 in New York City. Apple debuted a new MacBook Air, Mac Mini and iPad Pro. 

Stephanie Keith | Getty Images

Tim Cook, CEO of Apple unveils new products during a launch event at the Brooklyn Academy of Music on October 30, 2018 in New York City. Apple debuted a new MacBook Air, Mac Mini and iPad Pro. 

Apple will invest $1 billion in a new campus in Austin, Texas, the company announced on Thursday.

The 133-acre campus will be located in North Austin and will accommodate an initial 5,000 employees, with capacity for 15,000 employees in total. The new campus will be located less than one mile from Apple’s existing Austin facilities and will house a range of jobs in engineering, R&D, operations, finance, sales and customer support.

Apple said the expansion will make it the largest private employer in Austin.

“Apple is proud to bring new investment, jobs and opportunity to cities across the United States and to significantly deepen our quarter-century partnership with the city and people of Austin,” Apple CEO Tim Cook said in a press release.

Texas Governor Greg Abbott said in a statement Apple’s decision to expand in Texas “is a testament to the high-quality workforce and unmatched economic environment that Texas offers.”

On Thursday, Apple also announced plans to open new sites and add over 1,000 employees in Seattle, San Diego and Culver City over the next three years. It said it will also expand its existing operations in Pittsburgh, New York, Boulder, Boston and Portland, Oregon.

Apple also announced that it has added 6,000 jobs to its U.S workforce in 2018 and is on track to create 20,000 jobs across the country by 2023.

Apple shares have been under pressure in recent months amid worries about demand for its new iPhones. The tech titan has also been in the crosshairs of the trade war between the U.S. and China. President Donald Trump threatened to place a 10 percent tariff on iPhones and laptops made in China last month.

Apple plans to invest $10 billion in U.S. data centers over the next five years. On Thursday, the company said its newest data center would be located in Waukee, Iowa.

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