Apple to build first East Coast campus in N.C., will spend $430b over 5 years nationally

Apple aims to spend more than $430 billion across the U.S. over the next five years through building new campuses, investing in data centers and 5G and funding Apple TV+ productions.

Driving the news: The company plans to spend over $1 billion in North Carolina to build an East Coast campus as it continues construction on a $1 billion campus in Austin, Texas.

• Apple aims to hire around 700 employees to its Colorado offices by 2026 and is designing a data center in Waukee, Iowa.
• It also expects to expand hiring in California, Massachusetts, and Washington. Overall, it estimates it could create some 20,000 jobs..
• Spending on 5G is a priority in Colorado, Maine, California, Massachusetts, Oregon, Texas, Vermont, New York, and Washington.

The company's North Carolina expansion includes a local $100 million education fund and $110 million to back infrastructure spending on roads, bridges, broadband, and schools in "the 80 North Carolina counties with the greatest need."

What they're saying: “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,” Tim Cook said in a press release.