Apple Invests $200 Million in Maker of Gorilla Glass Through Manufacturing Fund
Apple is investing $200 million into Corning through its new Advanced Manufacturing Fund. The move reflects Apple’s commitment to foster innovation among American manufacturers.
“Corning is a great example of a supplier that has continued to innovate and they are one of Apple’s long-standing suppliers,” said Jeff Williams, Apple’s chief operating officer.
The funding will support the research and development of Corning, which develops glass technology, including for mobile devices.
“This investment will ensure our plant in Harrodsburg remains a global center of excellence for glass technology,” said Wendell P. Weeks, Corning’s chairman, chief executive officer and president.
Apple intends to invest one billion dollars in US companies through its fund.
“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,” added Williams.
Corning is best known for its Gorilla Glass, which is first launched in 2007.
