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Apple Announces $ 200 Million Investment in Corning, Famous Glass Manufacturer

A few days ago, Tim Cook announced during an interview with Jim Cramer, from the show Mad Money a $ 1 billion fund for job creation in the United States. Today, the first has already been put into practice.

Apple just announced that investing $ 200 million in its first Advanced Manufacturing Fund (Advanced Manufacturing Fund), aimed at a company that has been working with it for years and that it was even considered that it would be abandoned in favor of its own methods. I speak of Corning Incorporated, manufacturer of the famous glasses Gorilla Glass.

Apple investing in Corning

Apple's investment will be directed to the Research & Development department (Research & Development, or R&D) from Corning, as well as whatever is needed in terms of top-of-the-line glass processing equipment.

"Corning is a great example of a supplier that has continually innovated and is one of Apple's oldest partners," said Jeff Williams, chief operating officer (COO) at Apple. ?This partnership started 10 years ago with the first iPhone, and today every consumer who buys an iPhone or iPad in the world touches glasses developed in America. We are extremely proud of our collaboration over these years and are investing even more with Corning, which has a legacy so rich in innovative manufacturing practices. ?

Apple investing in Corning

The Corning factory in Harrodsburg has been in existence for 65 years, but the first Gorilla Glass appeared in 2007. Since then, the partnership of the two companies has created and sustained almost 1,000 jobs in the USA. In addition, Corning already uses enough renewable energy to cover all of its Apple manufacturing in the country.