Apple is investing more than 1 billion euros in new facility in Munich

Apple is building a new European Silicon Design Center in Munich, expanding its current operations in the German engineering hub with an investment of over 1 billion euros ($1.19 billion). 
In an announcement Wednesday, Apple said it plans to add hundreds of new employees, as well as a new facility focused on connectivity and wireless technologies, to its current operations. Right now, the company has a large engineering hub in Munich, with nearly 1,500 engineers from 40 countries working there in areas such as power management design, application processors, and wireless tech. 

The total investment in the new facility as well as R&D will exceed 1 billion euros in the next three years.
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