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Gorilla Glass producer Corning receives $ 250 million in investments from Apple

THE Corning, manufacturer responsible for the screens Gorilla Glass, announced last Tuesday (17) that will receive a $ 250 million investment from Apple. The news comes one day after the company's stock goes down almost 9% after the announcement that it expects a 3 to 5% drop in its sales compared to the previous year.

The money will be spent on developing an exclusive product line associated with Apple. The forecast that they include state-of-the-art glass processes, equipment and integral materials delivering the new generation of consumer products. In other words, chances are great that the result will make its debut in a future generation of iPhone.

Image Source – Divulgao / Apple

Investment is part of the Advanced Manufacturing Fund, established by Apple as a way of foster and stimulate technology companies operating within the United States. This the second investment the company makes in Corning: in 2017 she had already put $ 200 million at the manufacturer responsible for Gorilla Glass.

Investment in flexible and folding screens

Known as one of the leaders in providing screens for mobile devices, Corning currently focuses on developing flexible and foldable display solutions. While glass is often viewed as delicate and breakable, the company has stated in the past that everything can become flexible as long as the material used is thin enough.

Image Source – Divulgao / Apple

As pointed out by WCCFTech, not even the announcement the investment was enough to make the company's stock recover from recent declines. Still registering falls of 7.7% In its value, the company had its market value revalued negatively by companies such as Jefferies and the Cross research O Citigroup Also revised its growth forecasts was the release of Corning's forecasts for the segments of its display and fiber divisions.

Via: WCCFTech Source: Apple. (TagsToTranslate) screen (t) displays (t) corning (t) gorilla glass (t) investment (t) market (t) apple (t) corning gorilla glass (t) flexible display