Apple CEO Tim Cook makes surprise visit to Reno

Doris Richards
January 21, 2018

Apple will make payments of around $38 billion in tax money from its profits that it now holds overseas - a decision that comes after a Trump administration tax plan changed how foreign profits brought back to the United States are taxed.

The downtown facility will reportedly be used for shipping and receiving, supporting Apple's large data center just east of Reno-Sparks.

Apple plans to invest more in its Central Oregon facilities as the company spends more than $30 billion in the United States to create about 20,000 new jobs. The "expanded capital expenditure" on data centers adds to what the company had already planned to spend on its digital infrastructure.

"When I heard the news yesterday - and Tim Cook is a great guy, the head of Apple - when I heard the news, I heard US$350 billion and I said, 'you mean US$350 million, that is going to be a handsome plant, ' and they said 'no, ' they said 'it is US$350 billion,"' Trump said in a speech at a factory in Coraopolis, Pennsylvania, a Pittsburgh suburb.

An additional Apple campus will be set up in a location yet to be announced to provide technical support.

"Apple is a success story that could only have happened in America, and we are proud to build on our long history of support for the USA economy", Cook said.

"Everyday, our data center serves billions of imessages, more than a billion photos", said Cook. But even Apples left-wing CEO admits their investment in America wouldn't be as large without Trump's tax reform.

But most Apple products are assembled in China, mainly by Foxconn Technology, which makes the iPhone and a number of other products.

"We believe deeply in the power of American ingenuity, and we are focusing our investments in areas where we can have a direct impact on job creation and job preparedness", said Apple chief executive Tim Cook in a statement.

Other reports by Iphone Fresh

Discuss This Article