Apple Investing $300 Million in Austin, Texas to Add 3,600 More Workers

Discussion in 'MacRumors.com News Discussion' started by MacRumors, Mar 9, 2012.

  1. macrumors bot

    MacRumors

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    [​IMG]


    The State of Texas today announced that Apple has committed to spend $304 million to expand its operations in Austin, seeking to add 3,600 employees to its facilities there.
    [​IMG]


    Apple's campus in Austin, Texas (Source: Flickr/The Pug Father)
    While Apple's Austin campus focuses primarily on customer support and other administrative functions, it does also house some engineering functions primarily related to chip design. Samsung's chip factory where it produces Apple's A-series chips for its iOS devices is also located in Austin and recently underwent a major expansion itself to support Apple's products.

    Update: The City of Austin has also proposed an $8.6 million grant investment in the project should Apple meet certain performance metrics presumably tied to campus development and hiring. Apple is required to invest $56.5 million in new facilities and equipment by the end of 2015, with an additional $226 million investment coming by the end of 2021. Apple has also committed to retaining its existing 3,100 jobs in Austin and adding at least 3,635 new jobs, with yearly hiring targets for each of the ten years following the opening of its Phase I expansion.

    Article Link: Apple Investing $300 Million in Austin, Texas to Add 3,600 More Workers
     
  2. macrumors regular

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    Oct 26, 2007
    #2
    Austin FTW
     
  3. macrumors regular

    Joined:
    Jul 26, 2008
    #3
    So for anyone screaming "Buy American" - this is the face of globalization. Jobs will go where the skills and price are at equilibrium. Manufacturing in Asia (no, China is many times not the cheapest), higher value-added functions in the US, for example.

    I don't hear anyone complaining about these jobs coming/staying in the US, even though they support international markets.
     
  4. macrumors 65816

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    #4
    Best News all day!
     
  5. macrumors G5

    Macman45

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    #5
    Quite a few of the key staff moved from Houston, my Apple guy and a couple of the super-techs I know recently transferred to get the ball rolling. Good to see some jobs being created what with the way things are at present.
     
  6. macrumors 6502a

    DrJohnnyN

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    California and Texas
    #6
    Texas fight!!
     
  7. macrumors 65816

    RalfTheDog

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    Lagrange Point
    #7
    I would prefer to keep the jobs in the United States. If the jobs must go to a third world country, Texas is as good as any.
     
  8. macrumors 65816

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    #8
    Texas is fine, it's our 3rd World Governor!
     
  9. macrumors newbie

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    May 1, 2009
    #9
    Interesting they had to bribe them $21 million to do it, though. With $97.6 billion cash on hand and a market cap of over $500 billion, Tim Cook probably has $21 million stuck between the cushions in his couch.
     
  10. macrumors 6502a

    Btrthnezr3

    Joined:
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    Location:
    Texas
    #10
    Argh! I hate Prick Rerry...and undoubtedly, he will take credit for this deal.

    Wish he would trip on a stump or something. :mad:

    But yay for Texas jobs.
     
  11. macrumors member

    Ivan0310

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    #11
    Keep Austin Weird!
     
  12. Eduardo1971, Mar 9, 2012
    Last edited: Mar 9, 2012

    macrumors 65816

    Eduardo1971

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    Lost Angeles, Ca. usa
    #12
    I know I'm going to get downrank but texas of all places?:rolleyes:

    "Fight on!":eek:
     
  13. macrumors regular

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    #13
    sxsw :)
     
  14. macrumors 65816

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    #14
    RIP Leslie Cochran
     
  15. macrumors regular

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    #15
    Yeah I said Austin...Austin Massachusetts
     
  16. M-O
    macrumors 6502a

    M-O

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    #16
    slightly closer to the right coast.
     
  17. macrumors newbie

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    Location:
    Fort Worth, TX
    #17
    You've obviously never spent time in Austin, or any other part of Texas (Dallas and Houston don't count). Governor is a ding-dong, people and culture are not.

    Its been at least a decade since we got running water and electricity so I'm not surprised at all about this announcement.
     
  18. macrumors 6502

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    #18
    Constant growth = APPL shares up....constantly. Just saying...;)
     
  19. macrumors G5

    Consultant

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    #19
    That's good that Apple is expanding more in the US (besides hiring more employees in the silicon valley area).
     
  20. macrumors demi-god

    AustinIllini

    Joined:
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    Austin, TX
    #20
    Have you been to Austin? It's about as un-Texas as you can be. Silicon Hills. keep Austin weird!
     
  21. macrumors regular

    Joined:
    Nov 13, 2009
    #21
    More Corporate Welfare

    Why does Texas need to give Apple a 21million break?

    These types of subsidys make no sense. Yeah, I know....they are used to bribe companies to create jobs in an area.

    No different than people subsidizing sports teams through tax increases.

    An inefficient use of taxpayer money.
     
  22. macrumors 6502a

    Joined:
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    #22
    Love this, we need to bring everything back home, and sell it to the world.
     
  23. macrumors demi-god

    AustinIllini

    Joined:
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    Location:
    Austin, TX
    #23
    Most in Texas would disagree with you. Austin's lifeline is that big business that allows for its strange and unique culture. The state will make that money back as it has proven time and time again.
     
  24. macrumors 601

    mscriv

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    Aug 14, 2008
    Location:
    Dallas, Texas
    #24
    That's how business is run. It's quite common for cities or states to incentivize big business with tax exemptions, building pledges, or other perks. It's not a "bribe", but simple negotiation. The $21 million will easily be put back into the local economy through the jobs created, the taxes paid out by employees, and the other business generated by this expansion.
     
  25. macrumors demi-god

    AustinIllini

    Joined:
    Oct 20, 2011
    Location:
    Austin, TX
    #25
    I wish he could have been mayor :(
     

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