Apple to invest $430 billion over five years in US, including $1B campus in North Carolina

Apple says it plans to commit $430 billion in the U.S. over the next five years, including a $1 billion campus in North Carolina expected to create 3,000 jobs.

In a statement Monday, Apple said the new campus in the state's Research Triangle area will generate new jobs in machine learning, artificial intelligence, software engineering and other cutting-edge fields.

Apple said it also will establish a $100 million fund for schools and community initiatives in the Raleigh-Durham area, as well as invest more than $110 million in infrastructure spending.

The company said it's on track to meet its 2018 goal of creating 20,000 jobs in the U.S. by 2023, and with this new line of investments it aims to create 20,000 more jobs nationwide over the next five years.

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"At this moment of recovery and rebuilding, Apple is doubling down on our commitment to U.S. innovation and manufacturing with a generational investment reaching communities across all 50 states,” Apple CEO Tim Cook said in a statement.

The investments include expanding teams in several states, including California, Colorado and Massachusetts, as well as the start of construction on a $1 billion campus in Austin, Texas.

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