Apple intends to inaugurate its new $1Bn campus in Texas by 2022
Category: #headlines  | By Mateen Dalal  | Date: 2019-11-21 |
  • shareshare_icon
  • Twitter
  • Facebook
  • LinkedIn

Apple intends to inaugurate its new $1Bn campus in Texas by 2022

The U.S – China trade war has been terrorizing the global economy since the dawn of 2018. It has affected the overall financial market and global supply chains. This ongoing trade war has had a negative impacted U.S. tech giant Apple’s share prices. Strict regulations and increased tariff rates has forced the company to move its plant from China.

However, with an aim to enhance its production capacity in the U.S, Apple recently announced the construction of a new campus in Austin, Texas. Reportedly, the campus would be right next to its existing plant which manufactures the latest MacBook Pro laptops.

Sources cite that the latest campus, which costs $1 billion, would spread across 3-million-square-foot of area and initially accommodate 5,000 employees. It is estimated that the number of employees could reach up to 15,000 while the campus would be become operational by 2022.

For the record, Austin is the fastest-growing city in the U.S. that has successfully incorporated various tech companies such as Dell Technologies Inc. The region has an aggregate population of 1 million and is home to the University of Texas.

Currently, Apple has around 7,000 employees in its Austin plant and is planning to expand into several other cities such as Culver City, Boulder, Pittsburgh, New York, Seattle, and San Diego. The company claims that also aiming to ship the new Mac Pro PC to customers at a production facility close to Austin, starting December.

Meanwhile, Apple CEO Tim Cook is looking to giving U.S. President Donald Trump a tour of its Texas factory. Earlier, the tech giant faced criticism from President Trump over its high dependency on China to manufacture its product. However, Trump and Cook seems to have build a good relationship lately. Reports cite that, In 2017, President Trump said that Cook had promised him to build three new plants.
 

Source Credit: https://www.cnbc.com/2019/11/20/reuters-america-update-1-apple-starts-construction-of-new-1-billion-campus-in-texas.html

  • shareshare_icon
  • Twitter
  • Facebook
  • LinkedIn


About Author

Mateen Dalal     twitter

Mateen Dalal

A qualified electronics and telecommunication engineer, Mateen Dalal embarked on his professional journey working as a quality and test engineer. Harnessing his passion for content creation however, Mateen pens down industry-rich articles for ReportsGO.com and a few o...

Read More..

More News By Mateen Dalal

Pintarnya to develop a super app for blue collar workers in Indonesia

Pintarnya to develop a super app for blue collar workers in Indonesia

By Mateen Dalal

Pintarnya, a job upskilling platform based out of Indonesia, has reportedly announced that it plans to develop a new app for the 60 million blue-collar workers of Indonesia who often face uncertainty and scams while looking for a job. As per repor...

UK’s Health Secretary announces 10-year plan to tackle dementia

UK’s Health Secretary announces 10-year plan to tackle dementia

By Mateen Dalal

The UK Health and Social Care Secretary, Sajid Javid, has reportedly announced a novel 10-year plan to effectively tackle dementia and to increase funding in research to get a better understanding of neurodegenerative diseases. As per sources, at ...

Starbucks to cover abortion related travel expenses for workers

Starbucks to cover abortion related travel expenses for workers

By Mateen Dalal

Starbucks has reportedly announced that it would start covering all eligible travel expenditures for the workers seeking gender-affirming surgical procedures or abortions. As per reports, the coffee conglomerate has joined Apple, Amazon, Salesforc...