Apple said it will begin construction of its new campus in Austin, Texas on Wednesday, with CEO Tim Cook touring the production plant there with President Donald Trump.
Apple plans to invest $ 1 billion on the new campus, which is expected to open in 2022 with 5,000 employees. The campus will be 3 million square feet with a capacity to grow to 15,000 employees. Campus will expand Apple's Austin business, which is currently home to the facility that builds Mac Pro, the only major Apple computer assembled in the United States
Mac Pro has been a key part of Cook's negotiations with Trump over China's tariffs. Many Apple products are gathered in China, but Cook decided to hold the Mac Pro assembly in the United States after Trump made it clear he would not give Apple any tax exemption if he moved the assembly outside the United States. Apple said it was exempted from importing parts needed for Mac Pro without paying tariffs. Mac Pro is not one of Apple's mass market products and is primarily aimed at high-powered professional programmers and artists, with a starting price of $ 5999. It will go on sale in December.
Cook has duly navigated a nuanced relationship with the president by attending private meetings and dinners, while maintaining views on politics he disagrees with Trump. Cook has been touting continued investment in the United States as Trump continues his trade talks with China.
Apple said in Wednesday's announcement that it is on track for its goal of contributing $ 350 billion to the US economy between 201
Subscribe to CNBC on YouTube.
SE: First Impressions of Apple's New Mac Pro