Apple today confirmed it has started construction on a new $1 billion campus in Austin, Texas, that will open in 2022. The facility will initially house 5,000 people, but it has the capacity to grow to 15,000.
It’s part of a broader plan to expand Apple’s prescence in the city, where it has already started producing the all-new Mac Pro.
The only Apple device that is produced in the U.S. is about to have its manufacturing operations moved overseas.
Apple reportedly plans to make its expensive new Mac Pro in China according to a new report that claims an assembly partner has already been lined up. The previous “trash can” Mac Pro was made at an Apple facility in Austin, Texas where the company also has a software engineering hub.
Apple is closing a pair of retail stores in east Texas, and opening a new one nearby to take on their traffic. But this has little to do with customer convenience; it’s likely all about patent lawsuits.
The move could easily save Apple millions of dollars.
Update: Williamson County elected to award Apple tax breaks worth $16 million over 15 years. The Williamson County commissioners voted 5-0 to approve the deal. Another $25 million will come from the Texas Enterprise Fund.
Apple apparently netted itself a good deal for its newly announced $1 billion campus in Austin, Texas. According to a new report, Williamson County could pay back 65 percent of property taxes to Apple in exchange for a long-term commitment to creating jobs.
The money would be paid in yearly installments. It would start when Apple hires 700 people, then continue for the next 15 years. In return, Apple would invest $400 million and hire 4,000 people for the new site.
Apple will open a new 133-acre campus in Austin, Texas — approximately 1,500 miles from its Apple Park headquarters in Cupertino.
The $1 billion headquarters will initially house 5,000 employees, although this number will eventually expand to 15,000 people. Apple also plans new sites in Seattle, San Diego, and Culver City, California.
Apple has invested a substantial sum of cash in TrueDepth sensor maker Finisar.
The $390 million fund will allow for increased research and development spending, and high-volume production of vertical-cavity surface-emitting lasers (VCSELs). It will also allow Finisar to open a new production facility in Texas, creating more than 500 jobs.