Apple to Build Massive New Texas Campus

Apple (NASDAQ: AAPL) says it will invest $1 billion in a new campus in Austin, Texas, the company announced on Thursday.

The 133-acre campus will be located in North Austin and will accommodate an initial 5,000 employees, with capacity for 15,000 employees in total. The new campus will be located less than one mile from Apple’s existing Austin facilities and will house a range of jobs in engineering, R&D, operations, finance, sales and customer support.

Apple said the expansion will make it the largest private employer in Austin.

Texas Governor Greg Abbott said in a statement Apple’s decision to expand in Texas "is a testament to the high-quality workforce and unmatched economic environment that Texas offers."

On Thursday, Apple also announced plans to open new sites and add over 1,000 employees in Seattle, San Diego and Culver City over the next three years. It said it will also expand its existing operations in Pittsburgh, New York, Boulder, Boston and Portland, Oregon.

Apple also announced that it has added 6,000 jobs to its U.S workforce in 2018 and is on track to create 20,000 jobs across the country by 2023.

Apple plans to invest $10 billion in U.S. data centers over the next five years, including $4.5 billion this year and next. On Thursday, the company said its newest data center would be located in Waukee, Iowa. It is also expanding its data centers in North Carolina, Arizona and Nevada.

Shares in Apple gained $1.38 to $170.48, in the first hour of trade Thursday