Apple invests additional $250mn in supplier Corning for iPhone glasses | Tech News

Apple invests additional $250mn in supplier Corning for iPhone glasses

Since iPhone launched in 2007, Apple has spent nearly $3 billion with Corning on the glass used in iPhone, Apple Watch and iPad.

By: INDO ASIAN NEWS SERVICE
| Updated on: Aug 20 2022, 17:01 IST
So far, Apple has awarded over $1 billion from its Advanced Manufacturing Fund to the US companies.
So far, Apple has awarded over $1 billion from its Advanced Manufacturing Fund to the US companies. (REUTERS)

Apple on Tuesday invested an additional $250 million in Corning, a supplier of precision glass for iPhone, Apple Watch and iPad. The iPhone maker had invested $200 million from its Advanced Manufacturing Fund in Corning in May 2017.

So far, Apple has awarded over $1 billion from its Advanced Manufacturing Fund to the US companies.

You may be interested in

MobilesTablets Laptops
7% OFF
Apple iPhone 15 Pro Max
  • Black Titanium
  • 8 GB RAM
  • 256 GB Storage
28% OFF
Samsung Galaxy S23 Ultra 5G
  • Green
  • 12 GB RAM
  • 256 GB Storage
9% OFF
Apple iPhone 15 256GB
  • Black
  • 6 GB RAM
  • 256 GB Storage
9% OFF
Apple iPhone 15 Plus 256GB
  • Black
  • 6 GB RAM
  • 256 GB Storage

"Apple and Corning's rich history dates back more than a decade, and our partnership revolutionized glass and transformed the technology industry with the first iPhone," Jeff Williams, Apple's Chief Operating Officer, said in a statement.

Also read
Looking for a smartphone? To check mobile finder click here.

"This award underscores Apple and Corning's shared belief in the vital role that ingenuity 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 world's toughest technology challenges," Williams added.

The investment supports Corning's research and development into state-of-the-art glass processes, equipment and materials integral to the delivery of next-generation consumer devices.

ALSO READ: 'Defies reality and common sense', Apple on $14 billion EU tax order

Corning is one of Apple's 9,000 US suppliers across 50 states.

Glass for every generation of iPhone, including iPhone 11 and iPhone 11 Pro which will be available later this week, has been made at Corning's Harrodsburg, Kentucky plant.

The newest iPhone models feature the toughest glass ever in a smartphone, as well as a back machined from a single piece of glass that allows for wireless charging.

Apple spent a collective $60 billion with 9,000 American suppliers in 2018, supporting 450,000 jobs in all 50 states and manufacturing locations in 36 states.

In addition to the $450 million now awarded to Corning, other commitments already announced include $390 million to Finisar and $10 million to the Elysis aluminum partnership.

"We're proud of what we've achieved through our collaboration with Apple, and excited by the new opportunities this additional investment creates," said Wendell P. Weeks, Corning's Chairman, Chief Executive Officer and President.

Since iPhone launched in 2007, Apple has spent nearly $3 billion with Corning on the glass used in iPhone, Apple Watch and iPad.

Apple said it is on pace to create 20,000 new jobs and directly contribute $350 billion to the US economy by 2023, which the company announced in January 2018.

WATCH: Apple launches new Watch Series 5, 7th generation iPad 

Catch all the Latest Tech News, Mobile News, Laptop News, Gaming news, Wearables News , How To News, also keep up with us on Whatsapp channel,Twitter, Facebook, Google News, and Instagram. For our latest videos, subscribe to our YouTube channel.

First Published Date: 18 Sep, 09:54 IST
Tags:
NEXT ARTICLE BEGINS