Reports related to this article:
Project(s): View 14 related projects in PECWeb
Plant(s): View 5 related plants in PECWeb
Released February 05, 2024 | SUGAR LAND
en
Researched by Industrial Info Resources (Sugar Land, Texas)--It seems like everyone these days has a smartphone, and that might be a problem for Apple Incorporated (NASDAQ:AAPL) (Cupertino, California): Despite posting nearly $120 billion in fourth-quarter revenues, a 1.4% increase from the same period in 2022, iPhone sales are slumping. With demand for the hardware softening, the tech titan might be inclined to build out its support for existing devices with new and improved data centers. Industrial Info is tracking more than $3.8 billion worth of construction projects across the U.S. from Apple, nearly $800 million of which are nearing or under construction.
Click on the image at right for a graph detailing Apple's active and planned construction projects across the U.S., by state.
In the coming weeks, Apple expects to finish construction on the $400 million first phase of its data center campus in Waukee, Iowa, which is the first of six phases expected to total up to $1.9 billion of investment. The 398,500-square-foot Phase I will serve as a data management site for Apple's Siri, FaceTime and iMessage applications, with about 80% of the space set aside for the central data center building. This summer, the company expects to begin construction on the $400 million second phase, which will have identical square footage; it is expected to wrap up about one year later. Subscribers to Industrial Info's Global Market Intelligence (GMI) Industrial Manufacturing Project and Plant databases can read detailed project reports on Phase I and Phase II, and a detailed plant profile.
The remaining four phases in Waukee are slated to begin construction through 2028, although numerous factors could delay or alter the proposed investments, each of which is estimated at $400 million. Subscribers can read detailed reports on Phase III, Phase IV, Phase V and Phase VI.
Apple also is expanding its Capstone campus in Austin, Texas, to include at least five new data-center buildings, three of which already have started construction: the $120 million AC03, the $120 million AC07 and the $110 million AC08. Construction is expected to begin in the coming weeks on the $120 million AC09, and a $50 million AC12 might begin construction as soon as the fourth quarter. The first four buildings range in size from about 205,000 to 369,000 square feet; AC12 is currently envisioned to be substantially smaller, at 33,000 square feet.
The company broke ground on Capstone in 2019, when it announced the site would be used to manufacture the Mac Pro, at the time Apple's most powerful home computer. Since then, the complex has taken on responsibilities ranging from sales and customer support to research and development. Subscribers can read detailed project reports on AC03, AC07, AC08, AC09 and AC12.
Apple also is preparing to finish a pair of data-center expansions in North Carolina toward the end of the first quarter: a $25.2 million expansion in Maiden, which will add nearly 50% floor space to the 505,000-square-foot facility to better support Siri, FaceTime and iMessage applications; and a $19.3 million expansion in Cary, which will add more than 50% floor space to the existing 222,950 square feet by converting the top four floors of its building, formerly owned by MetLife. Subscribers can read detailed reports on the Maiden and Cary projects.
A few miles northeast of Cary, Apple is proposing one of its largest facilities to date: a 1 million-square-foot data center in Morrisville, North Carolina, which would be located in the historic Research Triangle Park. If approved, the project likely would not begin construction until 2026, but the state's Economic Investment Committee already has approved an $845 million jobs grant that would be tied to new jobs created for the project through the end of 2032, according to a local ABC affiliate TV station. Subscribers can learn more from a detailed project report.
The data center sector likely will be vibrant with activity for many years to come, as the constantly growing demand for applications is complemented with often unpredictable innovations. Industrial Info is tracking more than $19 billion worth of data center projects across the U.S. that are scheduled to move forward in the first quarter of 2024, including more than $6 billion worth that have a high likelihood (81% or more) of beginning construction; in addition, Mississippi recently approved a $44 million incentive package for two multibillion-dollar data-center complexes from Amazon.com Incorporated (NASDAQ:AMZN) (Seattle, Washington). For more information, see January 2, 2024, article - U.S. Data Centers to See Up to $19 Billion in First-Quarter Kickoffs; and January 31, 2024, article - Mississippi Incentives Package Paves Way for Two Amazon Data Centers.
Subscribers to Industrial Info's GMI Project Database can click here for a full list of detailed reports for projects mentioned in this article, and click here for a full list of related plant profiles.
Subscribers can click here for a full list of reports for active and planned projects across the U.S. from Apple.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) platform helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking more than 200,000 current and future projects worth $17.8 trillion (USD).
Click on the image at right for a graph detailing Apple's active and planned construction projects across the U.S., by state.In the coming weeks, Apple expects to finish construction on the $400 million first phase of its data center campus in Waukee, Iowa, which is the first of six phases expected to total up to $1.9 billion of investment. The 398,500-square-foot Phase I will serve as a data management site for Apple's Siri, FaceTime and iMessage applications, with about 80% of the space set aside for the central data center building. This summer, the company expects to begin construction on the $400 million second phase, which will have identical square footage; it is expected to wrap up about one year later. Subscribers to Industrial Info's Global Market Intelligence (GMI) Industrial Manufacturing Project and Plant databases can read detailed project reports on Phase I and Phase II, and a detailed plant profile.
The remaining four phases in Waukee are slated to begin construction through 2028, although numerous factors could delay or alter the proposed investments, each of which is estimated at $400 million. Subscribers can read detailed reports on Phase III, Phase IV, Phase V and Phase VI.
Apple also is expanding its Capstone campus in Austin, Texas, to include at least five new data-center buildings, three of which already have started construction: the $120 million AC03, the $120 million AC07 and the $110 million AC08. Construction is expected to begin in the coming weeks on the $120 million AC09, and a $50 million AC12 might begin construction as soon as the fourth quarter. The first four buildings range in size from about 205,000 to 369,000 square feet; AC12 is currently envisioned to be substantially smaller, at 33,000 square feet.
The company broke ground on Capstone in 2019, when it announced the site would be used to manufacture the Mac Pro, at the time Apple's most powerful home computer. Since then, the complex has taken on responsibilities ranging from sales and customer support to research and development. Subscribers can read detailed project reports on AC03, AC07, AC08, AC09 and AC12.
Apple also is preparing to finish a pair of data-center expansions in North Carolina toward the end of the first quarter: a $25.2 million expansion in Maiden, which will add nearly 50% floor space to the 505,000-square-foot facility to better support Siri, FaceTime and iMessage applications; and a $19.3 million expansion in Cary, which will add more than 50% floor space to the existing 222,950 square feet by converting the top four floors of its building, formerly owned by MetLife. Subscribers can read detailed reports on the Maiden and Cary projects.
A few miles northeast of Cary, Apple is proposing one of its largest facilities to date: a 1 million-square-foot data center in Morrisville, North Carolina, which would be located in the historic Research Triangle Park. If approved, the project likely would not begin construction until 2026, but the state's Economic Investment Committee already has approved an $845 million jobs grant that would be tied to new jobs created for the project through the end of 2032, according to a local ABC affiliate TV station. Subscribers can learn more from a detailed project report.
The data center sector likely will be vibrant with activity for many years to come, as the constantly growing demand for applications is complemented with often unpredictable innovations. Industrial Info is tracking more than $19 billion worth of data center projects across the U.S. that are scheduled to move forward in the first quarter of 2024, including more than $6 billion worth that have a high likelihood (81% or more) of beginning construction; in addition, Mississippi recently approved a $44 million incentive package for two multibillion-dollar data-center complexes from Amazon.com Incorporated (NASDAQ:AMZN) (Seattle, Washington). For more information, see January 2, 2024, article - U.S. Data Centers to See Up to $19 Billion in First-Quarter Kickoffs; and January 31, 2024, article - Mississippi Incentives Package Paves Way for Two Amazon Data Centers.
Subscribers to Industrial Info's GMI Project Database can click here for a full list of detailed reports for projects mentioned in this article, and click here for a full list of related plant profiles.
Subscribers can click here for a full list of reports for active and planned projects across the U.S. from Apple.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) platform helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking more than 200,000 current and future projects worth $17.8 trillion (USD).
