Apple to invest another $ 250 million in glass maker Corning

Apple to invest another $ 250 million in glass maker Corning

Apple to invest another $ 250 million in glass maker Corning

Apple today announced that it will target plus $ 250 million Advanced Manufacturing Fund (Advanced Manufacturing Fund) to the American glass manufacturer Corning Incorporated, famous for the so-called Gorilla Glass.

In May 2017, Apple had already invested almost the same amount in the company – that is, we are now approaching half a billion dollars.

No wonder: for years, Corning has been primarily responsible for supplying the glasses that equip iPhones (including the latest 11, 11 Pro and 11 Pro Max – which, according to Apple, bring the toughest glasses ever placed on a smartphone ), iPads and Apple Watches.

«The rich history of Apple and Corning goes back more than a decade, and our partnership has revolutionized glass and transformed the technology industry with the first iPhone,» he said. Jeff Williams, Apple’s chief operating officer. “This award reiterates Apple and Corning’s shared belief in the vital role that creativity plays in creating industry-leading products, and the pride that both companies take in applying American innovation and advanced manufacturing to solve some of the toughest technological challenges. of the world.»

«We are proud of what we have achieved through our collaboration with Apple, and we are excited about the new opportunities that this additional investment creates,» he said. Wendell P. Weeks, president and chief executive officer of Corning. “This Advanced Manufacturing Fund award will allow us to develop revolutionary innovations in glass, while expanding our manufacturing capabilities. Most importantly, our ongoing collaboration allows us to create new vital capabilities for end users and to continue to overcome barriers to what is possible in the future. ”

The amount invested is even more impressive if we take into account that Corning – based in Harrodsburg (Kentucky) – is just one of more than 9,000 Apple suppliers in the United States alone. In 2018, Apple invested $ 60 billion in American companies, supporting 450,000 jobs in all 50 states across the country, as well as manufacturing locations in 36 of them.

In today’s statement, Apple reiterates that * all * of its key products contain parts or materials from the USA and / or manufactured with equipment from American companies. Obviously, all of this concern has to do with recent pressure from President Donald Trump.