Apple to invest €1bn in new German 5G campus
Apple (AAPL) has announced plans to invest €1bn (£860m,
$1.2bn)over the next three years building a new campus and development hub in
Munich, Germany.
The technology giant said in a statement on Wednesday that
it planned to create a new "European Silicon Design Center" in the
Bavarian capital that will focus on 5G technology and the future of wireless.
Apple first opened an office in Munich in 1981 and already
employs 1,500 people in the south German city, making it Apple's largest
engineering hub in Europe. The iPhone maker said the investment plans announced
on Wednesday would add hundreds of new jobs.
"I couldn’t be more excited for everything our Munich
engineering teams will discover — from exploring the new frontiers of 5G
technology, to a new generation of technologies that bring power, speed, and
connectivity to the world," chief executive Tim Cook said in a statement.
“Munich has been a home to Apple for four decades, and we’re
grateful to this community and to Germany for being a part of our journey.”
Apple said the investment would create "Europe’s
largest R&D site for mobile wireless semiconductors and software." A
new 30,000 square foot facility powered by renewable energy will be constructed
as part of the expansion. Teams will begin moving into the new building late
next year.
Apple already has over 4,000 employees in Germany and the
company said it has spent €15bn working with German companies over the past
five years.
The new research and development hub comes amid a push to
capitalise on the potential of 5G technology, which is seen as a
transformational new connectivity tool. Apple unveiled its first 5G connected
phones last October.
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