Apple announces $1 billion campus in Texas, part of plan to create 20,000 US jobs by 2023

Apple is expanding its presence in the U.S. as a part of a billion-dollar investment that the company said would generate at least 5,000 new jobs.

The iPhone maker will build a new $1 billion campus in Austin, Texas, and open new offices in Seattle, San Diego and Culver City, California, to broaden its U.S. footprint, according to a statement released early Thursday morning.

"Apple is proud to bring new investment, jobs and opportunity to cities across the United States and to significantly deepen our quarter-century partnership with the city and people of Austin," Apple CEO Tim Cook said in a press release. "[W]ith this new expansion, we're redoubling our commitment to cultivating the high-tech sector and workforce nationwide."

Apple expects the 133-acre Austin campus to generate 5,000 jobs initially and potentially 10,000 more later. It also plans to expand in other U.S. cities, including Pittsburgh, New York and Boulder, Colorado, over the next three years, "with the potential for additional expansion elsewhere."

New jobs at Apple's planned Austin outpost will include engineering, research and development, operations, finance sales, and customer support positions.