The major point of Apple's statement-complete with tweetable images and infographics-is that it plans to spend about $30 billion of its repatriated cash, along with money it saves from lower corporate tax rates in general, to invest in new facilities that create U.S.jobs. The company also said they expected to pay about $38 billion for its one-time repatriation of cash back to the U.S.
The Cupertino, California-based tech giant said its investments will focus on job creation, spending with USA suppliers and an expansion of the App Store, Apple's digital content hub.
To date, Apple has already invested billions of dollars in data centers and co-located facilities in seven USA states, including North Carolina, Oregon, Nevada, Arizona and a recently announced project in Iowa.
Apple, which past year unveiled its Advanced Manufacturing Fund for supporting innovation efforts both of us companies and foreign companies investing in the USA, plans increase that fund to $5 billion from its previous $1 billion commitment.
The company is the latest to announce a one-off payment as a result of recent changes to U.S. tax law, which allows companies to pay a levy of 15.5% on overseas cash holdings that are repatriated to the US. "A payment of that size would likely be the largest of its kind ever made", Applesaid.
Apple's new investments add to the company's current pace of spending with domestic suppliers and manufacturers, estimated at $55 billion in 2018. While Apple did not specify the number of new factories that it plans to build, President Donald Trump stated in a June 2017 interview to the Wall Street Journal that he had a conversation with Tim Cook and that the CEO of Apple, Inc. promised three new factories.
CFRA Research analyst Angelo Zino said on Wednesday he expects Apple could repurchase as much as 10% of its shares over the next 12 to 18 months. Currently, Apple employs 84,000 people nationwide in all 50 states.
Apple has the largest offshore cash reserves of any US company, with about $252 billion in at the end of September, the most recently reported fiscal quarter.
Apple'sannouncement also explained it will use lots of the cash in the us on things like a new tech support center that will contribute to 20,000 new hires it plans to make in the Land of the Free. Apple points out that the fund was "established to support innovation among American manufacturers and help others establish a presence in the U.S.", and since being announced last spring, it has already backed projects in Kentucky and Texas. It's not clear how large the campus will be nor whether Apple intends to make this a flagship campus, or just another of its many office locations around the globe.
News of host Catt Sadler, who says she left after discovering she was making nowhere near the money her male co-host was making. Earlier in the evening, Globes host Seth Meyers actually teed up the speculation. "A new day is on the horizon", she said.
The American Red Cross is issuing an urgent call for blood and platelet donors Monday to help tackle a winter blood shortage . Eligible donors with types O, A negative and B negative blood are urged to make a Power Red donation, where available.
Depending on the trajectory of his career, Carr could soon find himself being very, very excited to have Gruden as his coach. Here are 5 topics that stood out with us as Gruden takes over a 6-10 club in his first coaching gig since 2008.
We're already watching next Tuesday ... another weather system and drop in temps could bring more snow chances to the Mid-South. "But as of right now, there could be snow out in Pittsburgh, and some could be lingering into Sunday ", Evanego said.
Dillon Brooks matched his season best with 19 points and eight Memphis players finished in double figures. When it mattered most , Golden State defended and executed offensively, while the Cavs didn't.
She's also written Black List script The Shower , which tells of an alien invasion that goes down during a baby shower. Which is why it's such big news that the company seems to be moving closer to making the Black Widow movie a reality.
The advancements include easier sharing and connectivity, simpler controls for the television, and syncing with other devices. Samsung claims, "The Q9S incorporates AI technology to deliver clear and pristine 8K resolution for any type of content".
Hamas initially said a typical smuggling tunnel was destroyed, but had no immediate response to the Israeli announcement. He said Israeli jets struck part of the tunnel and a new set of sophisticated "tools" destroyed the rest.
Samsung will continue its support for NextRadio by enabling the FM chip in latest smartphone models in the USA and Canada. It is simply a matter of smartphone manufacturers enabling the chip for that functionality.
This will be Brown's second major film after Legendary and Warner Bros.'s Godzilla: King of Monsters which will release in 2019. Even so, the idea of Millie Bobby Brown solving crimes in 1880s England is definitely enough to get us excited.
Birthday girl Kerber sets up Sharapova clash
Sharapova served the suspension for taking controversial medication meldonium during the 2016 Australian Open . A forehand cross-court victor set up the break point, and a backhand victor put her a game away from victory.
Syrian army vows to eject USA troops
However, he shares Giraldi's view that the USA leadership wouldn't support the creation of an independent Kurdish entity in Syria. He said that Turkey may expand its operations after Afrin has been cleared. "Some people misspoke.
Democrats need just one vote to save net neutrality
A "vote for net neutrality" lists all senators and whether they have supported the bill and encourages people to the holdouts. Republicans have used the act to repeal regulations from the Obama administration, the report said.
Ford reveals updated Ranger for USA market
The OEM noted that the Ranger will incorporate a range of driver-assist, passenger convenience, and connectivity technologies. Besides a fuel-saving 2.3-liter four-cylinder engine, Ranger will also offer a 10-speed automatic transmission.
Pep Guardiola breaks another Premier League record
Gabriel Jesus could be fit for Manchester City's Champions League game against Basel on February 13, according to Pep Guardiola . They fell 2-1 at Liverpool in the FA Cup despite a goal from Gylfi Sigurdsson, and then they sold Barkley to Chelsea .
Razer's New Laptop Uses Their Upcoming Phone To Power It
It sports a 13.3-inch display , with a Quad HD resolution and a 120Hz refresh rate which is also available on the Razer Phone . The Razer Phone docks easily into Project Linda and connects with a simple key press, seamlessly integrating the devices.
Tech giants' net neutrality legal challenge
The fact that no Republicans have signed on to the resolution likely means it would be defeated in a floor vote. The FCC's recent repeal of net neutrality rules is going to get a second look, thanks to Senate Democrats.