Apple to Build $1 Billion Campus in Austin, Add Jobs Around Country
*By Carlo Versano*
Apple says it will build a $1 billion new campus in Austin, Tex. that would almost double the size of its current footprint in the city, with the room to house as many as 15,000 new jobs.
Apple ($AAPL) made the announcement in an early morning press release, in which the company also committed to adding offices with 1,000 new jobs in Seattle, San Diego, and Culver City, Calif., as well as expand its operations in Pittsburgh, Colorado, Portland, Boston, and New York in the coming years.
Apple's decision to build out its presence in Austin is a sign that the famously eccentric city in the middle of Texas is rapidly becoming a tech hub in its own right. Dell ($DVMT), Amazon ($AMZN), IBM ($IBM), and Facebook ($FB) are among the technology giants that call Austin home, and the city hosts the SXSW tech and media festival every spring.
“Their decision to expand operations in our state is a testament to the high-quality workforce and unmatched economic environment that Texas offers," Texas Gov. Greg Abbott said of Apple.
Apple's decision to announce its expansion plans by press release stood in contrast to the year-long pageantry of Amazon's HQ2 search. That expansion will create 50,000 new jobs, Amazon has said.
Apple said it is on track to create 20,000 jobs in the U.S. by 2023. Those are largely non-manufacturing jobs, which the company still keeps overseas, to the [dismay](https://twitter.com/realDonaldTrump/status/1038453273286664193?ref_src=twsrc%5Etfw) of President Trump.
Seth Schachner, Managing Director at StratAmericas, weighs in on Spotify earnings and why that headline-grabbing deal with Joe Rogan could be worth that $250 million.
Mitch Roschelle, Managing Director at Madison Ventures, shares why investors may be waiting longer than expected for those interest rate cuts, and why he’s watching tech, oil, and homebuilder stocks.
Amazon saw 24% growth in their Thursday Night Football audience in 2023. Subscribers will be rewarded with even more sports, but not without enduring more ads — unless they pay extra, of course.
Low unemployment + 350 thousand new jobs in January = ...more layoffs? A bunch of tech and retail companies have laid and are laying off employees after a nationwide hiring surge during the pandemic.
The most magical place on Earth wants a protective order to keep Gov. Ron DeSantis' appointees from knowing how the magic happens. A federal judge dismissed a separate Disney lawsuit last week.
Just days before the 49ers and Chiefs play in Las Vegas, Joe Pompliano, Investor at Pomp Investments and author of the Huddle Up Newsletter, discusses why he thinks this could be the most-watched Super Bowl in history.
Chris Versace of Tematica Research LLC shares his thoughts on Jerome Powell's latest comments, the timing of those crucial rate cuts, and what semiconductor stocks he's watching closely.