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Apple announces new campus plans in Raleigh

Washington Examiner logo Washington Examiner 4/26/2021 Kaelan Deese
Tim Cook wearing a suit and tie © Provided by Washington Examiner

Apple announced plans on Monday to open a new company campus in Raleigh, North Carolina.

The iPhone and computer technology company said it would spend over $1 billion on its first East Coast campus, aiming to employ 3,000 people working on software engineering, hardware, and machine learning, according to a readout.

"Apple will also establish a $100 million fund to support schools and community initiatives in the greater Raleigh-Durham area and across the state, and will be contributing over $110 million in infrastructure spending to the 80 North Carolina counties with the greatest need," the company said in the statement.

The campus announcement is a sign of Apple's growth into the most valuable company in the world at $2 trillion. While no completion date was given, Apple has said its $1 billion campus in Austin, Texas, is expected to open next year.

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Apple is already known for its lavish and innovative campus environments, such as the massive ring-shaped building at the company's campus at Apple Park in Cupertino, California. The company has had a corporate presence in Cupertino since 1977, but it only recently opened its grand Apple Park campus to the public in 2017. According to Craft.co, Apple has 27 office locations across 25 countries. The Raleigh development will be Apple's third campus.

The company's expansion will be located in North Carolina’s Research Triangle Park area, which is near North Carolina State University, Duke University, and the University of North Carolina, Chapel Hill. Apple CEO Tim Cook and Chief Operating Officer Jeff Williams both graduated with master's in business administration degrees from Duke.

North Carolina Gov. Roy Cooper, a Democrat, said in a statement that Cook told him the company is committed to partner with the state "for the long-term."

The expansion outside of California and the San Francisco Bay Area comes as large technology firms have followed a trend to leave the Golden State due to the cost of living in Silicon Valley driving businesses toward cheaper real estate markets. Last year, companies such as Oracle and Hewlett Packard Enterprise announced their respective company headquarters would be moving out of Silicon Valley to Texas.

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Apple will continue to be based in Silicon Valley, where it employs roughly 25,000 workers, including 12,000 employees in its ring-shaped headquarters.

Tags: News, Tim Cook, Apple, North Carolina

Original Author: Kaelan Deese

Original Location: Apple announces new campus plans in Raleigh

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