Apple has announced some major changes that are in line with new tax laws. This includes the payment of $38 billion in taxes from profits made overseas and opening a 2nd corporate campus.
The fruity iPhone maker said it will now spend $55 billion with domestic suppliers and manufacturers this year, and will create over 20,000 new jobs through hiring at existing Apple campuses and a new one for technical support. Apple currently employs 84,000 people in every U.S. state.
"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 US economy," said Tim Cook, Apple's CEO.
Apple will not be moving iPhone production to the U.S. iPhones are currently designed at Apple's headquarters in Cupertino, CA. Apple's phone components are built and assembled at the Foxconn plants in China.
Apple teased the location of the new campus in the press release, saying it would be announced later in 2018.