11.1.3 GENERAL MANAGEMENT 15 Jul READ THE ARTICLE BELOW AND ANSWER THE QUESTIONS THAT FOLLOW: Apple commits $430 billion in US investments over five years [100] The accelerated commitment will fund a new North Carolina campus and job-creating investments in innovative fields like silicon engineering and 5G technology Apple today announced an acceleration of its US investments, with plans to make new contributions of more than $430 billion and add 20,000 new jobs across the country over the next five years. Over the past three years, Apple's contributions in the US have significantly outpaced the company's original five-year goal of $350 billion set in 2018. Apple is now raising its level of commitment by 20 percent over the next five years, supporting American innovation and driving economic benefits in every state. This includes tens of billions of dollars for next-generation silicon development and 5G innovation across nine US states. "At this moment of recovery and rebuilding. Apple is doubling down on our commitment to US innovation and manufacturing with a generational investment reaching communities across all 50 states," said Tim Cook, Apple's CEO. "We're creating jobs in cutting-edge fields-from 5G to silicon engineering to artificial intelligence-investing in the next generation of innovative new businesses, and in all our work, building toward a greener and more equitable future." Today, Apple supports more than 2.7 million jobs across the country through direct employment, spending with US suppliers and manufacturers, and developer jobs in the thriving iOS app economy. Apple is the largest taxpayer in the US and has paid almost $45 billion in domestic corporate income taxes over the past five years alone. Apple's $430 billion in contributions to the US economy include direct spend with American suppliers, data center investments, capital expenditures in the US, and other domestic spend-including dozens of Apple TV+ productions across 20 states, creating thousands of jobs and supporting the creative industry. Establishing a New North Carolina Campus As part of its investments and expansion, Apple plans to invest over $1 billion in North Carolina and will begin construction on a new campus and engineering hub in the Research Triangle area. The investment will create at least 3,000 new jobs in machine learning, artificial intelligence, software engineering, and other cutting-edge fields. BCOM HONOURS HRM-ACADEMIC CALENDAR 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 funds that will go toward broadband, roads and bridges, and public schools. When up and running. Apple's investments are expected to generate over $1.5 billion in economic benefits annually for North Carolina. Expanding Apple's US Operations Apple is on track to meet its 2018 goal of creating 20,000 new jobs in the US by 2023. With today's new commitment, Apple is setting a target of creating 20,000 additional jobs in states across the country over the next five years. Apple has also surpassed its 2018 hiring commitments in Miami, New York, Pittsburgh, and Portland, Oregon. As Apple grows its teams and operations in the US, the company is committed to doing so in an environmentally responsible manner with a focus on renewable energy and green innovation. To date, nearly 60 of Apple's US sites are LEED certified. Apple is carbon neutral for all of its operations in the US and around the world, and last year committed to be 100 percent carbon neutral for its entire supply chain and products by 2030. Creating American Jobs with Manufacturers and Suppliers Nationwide Apple's $430 billion US investments include working with more than 9,000 suppliers and companies large and small in all 50 states, supporting American job creation across dozens of sectors, including silicon engineering, 5G, and manufacturing. To foster innovation and growth in the sector, Apple launched its $5 billion Advanced Manufacturing Fund in 2017. Awards from the fund have led to breakthrough innovations in laser technology. sustainable material development, 5G infrastructure, and other cutting-edge fields. Apple is carbon neutral for all of its operations in the US and around the world, and last year committed to be 100 percent carbon neutral for its entire supply chain and products by 2030. Apple is also making industry-leading investments in new clean energy projects and green technology in the US and around the world. Just last month, Apple announced a massive new US energy storage project in California's Monterey County-joining other energy storage projects the company has invested in, including its microgrid at Apple Park.