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Photo: Greg Baker/AFP/Getty Images

Apple said Wednesday it plans to hire 1,200 people over the next 3 years to staff its expanded offices in San Diego — home to chipmaker Qualcomm, with whom Apple is currently embroiled in a bitter legal battle.

Why it matters: The move comes as Apple is reportedly looking to beef up its in-house modem chip operations, although the iPhone maker stressed it is hiring for a wide range of engineering functions.

By the numbers: These new hires amount to 200 more than the company's original plan, and are in addition to the 600 people Apple already employs in San Diego.

Between the lines: Apple's timing is impeccable, as the announcement comes just as a patent suit between Apple and Qualcomm goes to trial in San Diego.

The big picture: Apple, like other major tech giants, has been expanding its U.S. operations in an effort to capitalize on the fact that there are people with technical talent spread throughout the country and not everyone wants to deal with the Bay Area's sky-high housing prices.

  • Apple is also opening large offices in Seattle and the Los Angeles suburb of Culver City in addition to a $1 billion expansion in Austin, Texas.
  • As for San Diego, it's a hub for software developers, biotech and chip firms and an attractive option for tech talent looking to relocate.

Go deeper

Janet Yellen confirmed as Treasury secretary

Janet Yellen. Photo: Alex Wong/Getty Images

The Senate voted 84-15 to confirm Janet Yellen as Treasury secretary on Monday.

Why it matters: Yellen is the first woman to serve as Treasury secretary, a Cabinet position that will be crucial in helping steer the country out of the pandemic-induced economic crisis.

Dan Primack, author of Pro Rata
3 hours ago - Economy & Business

Scoop: Red Sox strike out on deal to go public

Illustration: Sarah Grillo/Axios

The parent company of the Boston Red Sox and Liverpool F.C. has ended talks to sell a minority ownership stake to RedBall Acquisition, a SPAC formed by longtime baseball executive Billy Beane and investor Gerry Cardinale, Axios has learned from multiple sources. An alternative investment, structured more like private equity, remains possible.

Why it matters: Red Sox fans won't be able to buy stock in the team any time soon.