Apple bought a new campus located in San Diego in line with its land expansion. The tech giant acquired the 67-acre Rancho Vista Corporate Center for $445 million, so it could extend engineering jobs in the region.
Apple Finalizes San Diego Expansion
As part of its continuous land expansion, Apple recently completed the acquisition of a piece of land in San Diego. The space would be used for software and hardware engineering technology.
According to Apple Insider, the Cupertino firm had been planning to purchase a campus since 2019. At that time, the company said it would include about 1,2000 technology jobs in the city.
As a result, Apple continues to buy many buildings in Rancho Bernardo and University City. Finally, it came up to the point that it also purchased a $445-million Rancho Vista Corporate Center in San Diego.
The 67-acre campus is considered to be the company's first-ever "commercial property purchase" there, as The San Diego Union-Tribune wrote in its report.
The acquisition will not only help Apple in expanding its services in the region. More importantly, it will generate more jobs for the local residents in San Diego. Apple says that about 5,000 employees are expected to work there in 2026.
"We've been part of the community in San Diego for more than two decades and are thrilled to continue investing here as we expand our world-class teams," an Apple representative said in an interview with the local news outlet.
Will Apple Replace Qualcomm in San Diego?
So far, we know that Apple is heavily investing in this acquisition since it plans to land more available jobs for software and hardware specialists. However, the recent purchase would also mean that the company's self-made processors could prompt Qualcomm to look for another site for chip production.
If this rumor is true, the expectations will bombard Apple on how it will manufacture its processors for the mobile handsets. Although it's a big risk to gamble, it could also create a huge return for the iPhone maker.
As of writing, the jobs website of Apple has officially listed vacant positions for people with expertise in data science, software, and more areas.
IT firm Hewlett Packard, most commonly known as HP, once owned the Rancho Vista Corporate Center. Later, HP decided to sell the land for $69 million to The Swift Real Estate.
Related Article : Apple Tax-Free Shopping 2022 Guide: Products Included in Sales Tax Holidays and More!
Apple Downsizes Prices For Unsold iPhones
For the first time in several years, the iPad maker has slashed the prices of the unsold iPhones in the market. According to Sam Mobile, Apple announced that there would be a four-day discount event for the select smartphone models in China.
Aside from high-end iPhones, the company has also sold some of the notable earbuds and smartwatch models in the country. For those who could not purchase an iPhone 13 Pro before, this is now your chance to get it at an $89 discount.
This article is owned by Tech Times
Written by Joseph Henry
