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# Second Bite At The Apple: Tech Giant Promises $350 Billion Investment in US Economy
- URL: https://ivn.us/second-bite-apple-tech-giant-promises-350-billion-investment-us-economy/
- Published: 2018-01-17T20:45:32.000Z
- Updated: 2026-06-22T20:01:12.000Z
- Author: Jeff Powers
- Tags: News

https://www.youtube.com/watch?v=vj4xL-mTE2Y

Huge news from tech giant Apple. The company has[ announced](https://go.redirectingat.com/?id=66960X1514734&xs=1&url=https%3A%2F%2Fwww.apple.com%2Fnewsroom%2F2018%2F01%2Fapple-accelerates-us-investment-and-job-creation%2F&ref=ivn.us) it will be contributing $350 billion into the US economy over the next five years, combining both new investments and its existing spending with domestic companies for supply and manufacturing.

Apple will pay $38 billion in taxes on the cash it has stashed overseas as it looks to repatriate the money back into the U.S. The company currently has approximately $250 billion in cash overseas.

Apple also announced plans to create 20,000 jobs and build additional campuses as part of a plan to invest $350 billion in the U.S. over the next five years.

The [company’s press release](https://go.redirectingat.com/?id=66960X1514734&xs=1&url=https%3A%2F%2Fwww.apple.com%2Fnewsroom%2F2018%2F01%2Fapple-accelerates-us-investment-and-job-creation%2F&ref=ivn.us), the investments will concentrate on three areas: direct employment by Apple, spending and investment with Apple’s domestic suppliers and manufacturers, and the digital App Store economy.