American technology giant Apple, which earlier this year became the world’s first company with a $1 trillion market capitalization, is on an expansion streak in its home market. The company has just announced that it will be setting up a new $1 billion campus in Austin, Texas, which it says will boost job creation and the local economy as a result. Apple also announced plans to set up sites in Seattle, San Diego and Culver City, along with expansion plans in Pittsburgh, New York and Boulder.
The move comes as a part of Apple’s continuing plans to contribute to the growth of the US economy by creating more jobs in the United States. The company claims to have added 6,000 jobs across the US this year, and now employs a total of 90,000 people in the country. Apple’s largest campus is Apple Park in Cupertino, California, which serves as its global headquarters and houses over 12,000 employees.
Apple already has existing facilities in Austin, Texas, with the new campus planned to be located less than a mile away from the current campus. Apple is said to be adding engineering, R&D, operations, finance, sales and customer support related job functions at the new Austin campus, and will eventually make Apple the largest private employer in the city of Austin.
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The new campus will include 50 acres of preserved open space and its workspaces will be powered by 100 percent renewable energy, according to a statement by Apple. The company’s growth plans are driven by its high profitability and continued success of its products, led by the iPhone and Mac ranges.