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Apple plans to add 20,000 jobs, new campus in the US
Apple is determined to show that it's investing in the US economy despite its tax moves and foreign manufacturing. The company has announced a slew of investments it claims will pump a total of $350 billion into the US economy, highlighted by its focus on (what else) jobs. It expects to spend $30 billion in capital expenses that will create more than 20,000 new positions over the next 5 years, both at its existing buildings and a new location (to be unveiled later in 2018) that will initially focus on tech support.
Apple invests $390 million into Face ID and AirPod tech
Apple has made another investment with its Advanced Manufacturing Fund (AMF), awarding Finisar $390 million. If the name doesn't sound familiar, its work will. Finisar is the company behind the iPhone X's Face ID, Animoji and Portrait mode for selfies -- all of which rely on vertical-cavity surface-emitting lasers (VCSEL). It's also responsible for your AirPods' proximity sensing tech. The investment means Finisar will set up shop in a 700,000 square-foot manufacturing facility in Texas in addition to expanding its research and development team.
Apple invests $200 million in Corning's US glass manufacturing
Apple is awarding $200 million of its billion-dollar Advanced Manufacturing Fund to Corning Incorporated for research and development, "capital equipment needs" and high-tech glass processing. In a statement, Corning's CEO Wendell P. Weeks said that this has created around 1,000 jobs domestically, and will benefit its Harrodsburg production facility in Kentucky, specifically.
