Apple Computer Inc. is planning to build a new, 50-acre campus near its present headquarters in Cupertino, California, the company's CEO, Steve Jobs, said.
"What's happened at Apple is that our business has basically tripled in the last five or six years," Jobs said on Tuesday evening at a Cupertino city council meeting, which was recorded and viewable as an archived Webcast.
Jobs said that it would likely take three to four years to design and build the campus and that it could accommodate 3,000 to 3,500 employees.
An Apple spokesman, who was present at the meeting, confirmed the company's plans to build the second campus.
"We're pretty thrilled," Jobs told the city council members. "Since we're your largest taxpayer, I thought you might be happy for us."
Apple has been rejuvenated since it introduced its market-leading iPod digital music player in 2001 and is in the process of moving its entire Macintosh computer line to Intel Corp. chips from those made by IBM.