Apple Says New Campus Location to Be Decided Without Bidding Process

Earlier this week Apple announced it planned to invest $350 billion in the U.S. over the next five years, creating 20,000 jobs and more. The company also noted it was planning to build a new U.S. campus as well, but did not elaborate on its location.

Unlike Amazon and its bidding process for their HQ2, which revealed top 20 contenders this morning (Toronto being one of them), Apple confirmed to Reuters no such auction would take place, echoing what CEO Tim Cook told ABC News yesterday.

“We’ve narrowed the list a lot,” Cook said of potential cities, adding “We wanted to narrow it so we prevent this auction kind of process that we want to stay out of.”

Apple said it will reveal the location of its next campus later this year.

Recent drone flyovers of Apple Park, the company’s newest headquarters, show ongoing final touches to landscaping and more.