Apple has announced that it is investing $200 million in Gorilla glass maker Corning Incorporated from it’s new Advanced Manufacturing Fund. The investment will support “Corning’s R&D, capital equipment needs and state-of-the-art glass processing”.
Corning’s partnership with Apple began a decade ago with the first iPhone. Apple has committed to investing at least $1 billion with US-based companies focusing on manufacturing. Apple’s billion-dollar Advanced Manufacturing Fund was unveiled last week by CEO Tim Cook. The company claims it “supports 2 million jobs” in the U.S., including 450,000 at companies that supply it with components.
Jeff Williams, Apple’s chief operating officer said,
Corning is a great example of a supplier that has continued to innovate and they are one of Apple’s long-standing suppliers. This partnership started 10 years ago with the very first iPhone, and today every customer that buys an iPhone or iPad anywhere in the world touches glass that was developed in America. We’re extremely proud of our collaboration over the years and we are investing further with Corning who has such a rich legacy of innovative manufacturing practices.