Apple is dropping $1 billion on a huge new campus in Austin, Texas

Richard Drew/AP

  • Apple is establishing a new campus in Austin, Texas.
  • The campus will initially house 5,000 employees, and Apple is going to spend $1 billion building it.
  • Austin was recently in the running for Amazon’s second headquarters, HQ2, but was passed over.

Apple announced on Thursday that it is building a new $1 billion campus in Austin, Texas.

In a press release, Apple said the new campus will span 133 acres, and house an initial 5,000 employees, with the potential to expand to 15,000 staff.

See the rest of the story at Business Insider

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