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printed December 12, 2017
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Apple to Invest $200 Million in Corning

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May 12, 2017, 12:52 PM   by Eric M. Zeman   @phonescooper

Apple today said it plans to invest $200 million in its business partner Corning. Corning makes the Gorilla Glass used on iPhones and many other modern smartphones and tablets. Apple said the funds will support Corning's research and development efforts, as well its equipment purchases, and manufacturing facilities. Apple is targeting Corning's facility in Harrodsburg, Ky., which has supplied Apple with glass since the first iPhone in 2007. The Harrodsburg facility employs about 400 people. Earlier this year, Apple committed to spending $1 billion through its Advanced Manufacturing Fund to foster innovation among American manufacturers. Corning is the first recipient of these funds.

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