Apple's CEO Tim Cook gives Austin, Texas an A+
Cook says Apple has broken ground on a new $1 billion campus there.
The Texas capital is known for its live music and its food scene, but Austin may be seeing a lot more of Apple.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| AAPL | APPLE INC. | 228.28 | +0.26 | +0.11% |
CEO Tim Cook, while hosting President Trump at his Mac Pro factory in Austin on Wednesday, said the company broke ground on its $1 billion campus, which is set to open in 2022.
INSIDE APPLE'S AUSTIN FACTORY WITH TIM COOK AND DONALD TRUMP
"For a 3-million-square-feet site in Austin is 10 minutes or so away from here, we view Austin as a key place for the future of our company," Cook told reporters. "It is the second-largest site in the world for us next to our home base in Cupertino."
For starters, the campus will employ 5,000 workers and may grow to as many as 15,000, according to the company. The company's growth in Austin has jumped 50 percent over the past five years.
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With Trump by his side, Cook touted the features of the Mac Pro computer, including the ability of the machine to handle "56 trillion tasks per second."
Trump also praised Apple and Cook for investing in the United States.
According to the company, Apple is on track to contribute $350 billion to the U.S. economy between 2018 and 2023, and during that time the company will hire an additional 20,000 employees in cities across the country. The pledge was made after Trump won the White House.
APPLE FLEXES MUSCLE AHEAD OF COOK-TRUMP FACTORY TOUR
The two Austin plants likely won't be the last for Apple.
"I'm hoping for obviously more investments to come" he added.
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