Apple Invests $200 Million in Gorilla Glass-Maker Corning
- It’s first grant from $1 billion Advanced Manufacturing Fund
- Apple, Corning have partnered since first iPhone 10 years ago
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Apple Inc. chose Corning as the recipient of the first investment from its Advanced Manufacturing Fund, giving $200 million to the maker of glass used in iPhone and iPad screens.
Corning Inc., a longtime Apple partner, will use the cash on equipment and glass-processing technology mainly at its Harrodsburg, Kentucky, facility that developed the protective Gorilla Glass used on smartphones, Apple said in a statement Friday. Some of the money will also go toward research and development costs. Corning’s partnership with Apple started 10 years ago with the first iPhone.