SAN DIEGO - Apple makes a major investment in San Diego.
The iPhone maker just purchased a property in Rancho Bernardo for $445 Million. The nearly 70 acre site was formerly a research lab for Hewlett-Packard and is near sites for other tech companies, including Sony and Broadcom. According to the San Diego Union-Tribune, this is the tech giant's first property purchase in San Diego following a commitment to employ some 5,000 people in the area by 2026.
Apple has had engineering teams working in San Diego since 2018.
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