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Apple expands U.S. capital spending, plans to add 20,000 jobs, invest in data centers

Apple said that it will expand its capital investment in the U.S. to $ 30 billion over the next five years including $ 10 billion allocated to data centers.

Overall, Apple said it plans to create more than 20,000 new jobs and invest $ 350 billion over the net five years.

The Apple news comes as companies in the U.S. are recalculating their tax bills due to the Tax Cuts and Jobs Act of 2017. In many cases, enterprises have received an earnings boost and more capital to allocate.

Apple said it will repatriate overseas cash and deliver a record tax payment. …
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