Apple is stepping up its U.S. investment and touting those it has already made, after being one of the companies targeted by President Donald Trump for sending jobs overseas. The company pledged Wednesday in a news release that it would contribute more than $350 billion to the U.S. economy over the next five years. The company — which is the largest U.S. taxpayer — said it also expects to pay repatriation tax payments of about $38 billion, which are required by the new tax law.
As part of its plan for growth in the U.S., Apple said it will open a campus in a new location, which will initially focus on customer support. The company said the location will be announced later this year.
Apple may have cut Texas and California from the list because the company already has a large presence. Apple’s headquarters are in Cupertino, Calif. Austin is home to Apple’s second largest campus. Apple has about 8,000 employees across Texas, including approximately 6,000 who work in Austin.