Apr 26, 2021 5:34pm
Apple said the $430 billion in contributions include direct spending with U.S. suppliers, investments in data centers, capital spending in the U.S., and other efforts like Apple TV+ production. (Apple)
Apple plans to dedicate more resources to the U.S., including toward 5G and development of next-generation silicon. On Monday, the iPhone-maker announced an increased commitment to contribute $430 billion to the U.S. economy over the next five years and add 20,000 new jobs.
It represents a 20% bump from the previous 5-year target, set in 2018, of $350 billion. Apple said it has “significantly outpaced” that original goal.
For 5G innovation and silicon engineering, Apple cited “tens of billions of dollars” that will be spread across efforts nine states. Those include California, Colorado, Maine, Massachusetts, New York, Oregon, Texas, Vermont, and Washington.
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Last year was an extraordinary moment for many historically Black colleges and universities.
HBCUs shared the national spotlight with Vice President Kamala Harris, a Howard University alumna. And as the country grappled with a new racial reckoning in the aftermath of George Floyd’s death, some of those schools received high-profile donations.
Philanthropist MacKenzie Scott gave $160 million to HBCUs and Black college organizations across the country in July 2020. She followed that in December with a $50 million gift to Prairie View A&M University, and an anonymous donor gave Prairie View $10 million in November to help students during the pandemic.
“It’s not surprising that during a moment of national agony on race that minority-serving institutions stand out,” said Ruth Simmons, president of the HBCU, which is part of the Texas A&M System. “We’ve been around since 1876 doing the same work continuously throughout that time. … I think it’s our time to be recognized