Home > Brands > Apple > Corning Scores $200m From Apple

Corning Scores $200m From Apple

Corning, the maker of glass used in iPhones and iPads, has garnered US$200 million as the first recipient of Apple’s Advanced Manufacturing Fund.

Corning, a long-time Apple partner, will spend the cash on equipment and glass-processing technology, mainly at its Harrodsburg, Kentucky, facility which developed the protective Gorilla Glass used on many smartphones, Apple said. Some of the money will also go toward research and development costs.

Apple CEO Tim Cook announced earlier in the month that the company plans to invest at least $1 billion backing advanced manufacturing companies in the US to help create jobs in the industry.

You may also like
Apple Axes 22 Third-Party Siri Integrations
Facebook Warns Investors Of ‘Headwinds’ From Apple’s Data Clamp
Apple Increases Chip Order To Ward Off iPhone Delays
Chronic Chip Shortages Set To Get Worse
Apple Posts Record Results But Warns The Party May Be Over