“Reno, Nevada is already known to many Apple aficionados as the home of Braeburn Capital, the asset management company that handles Apple’s massive $135 billion cash hoard,” Nathanael Arnold reports for Wall St. Cheat Sheet. “However, as AppleInsider reports, there is something else that Apple is doing in the Nevada desert besides saving its money.”
“In anticipation of the expected large-scale consumer expansion into cloud computing, Apple has begun construction of a massive data center site located about 15 miles east of Reno,” Arnold reports. “The project is expected to cost over $1 billion.”
Arnold reports, “Whereas Apple located Braeburn Capital in Reno because of the state’s lack of corporate income tax, several other different factors made Reno an attractive location for Apple’s data center site.”
Read more in the full article here.
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