Apple has announced it will pay $38 billion in taxes to the U.S. government to return money it had stashed overseas. Apple has $252.3 billion in cash abroad.

In addition, the tech giant announced today it has plans to open a new facility and add 20,000 employees over the next five years.

Apple’s new plans include $350 billion in U.S. investments.

Apple bringing ~$250 billion in overseas cash back to US, paying $38 billion in repatriation tax, investing $30 billion in domestic CapEx and creating 20,000 new American jobs thanks to tax reform. https://t.co/r4rgTNFLiY — Anthony Scaramucci (@Scaramucci) January 17, 2018

Apple’s sudden repatriation of cash and plans to spend billions inside the U.S. economy are thanks in part to President Trump’s tax reform.

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The expected return of Apple’s cash has already fueled speculation that Apple might be looking to acquire Netflix.

“The burning question on the Street’s mind is: does Cook make a big bet with this infusion of cash and do a larger deal (e.g. Netflix) to catalyze and jump start its streaming video/content business,” a GBH research note reads.