Apple Funds Corning With an Additional $250 Million For Next-Gen Glass Development

Apple Corning Class

Apple will be awarding Corning an additional $250 million from its Advanced Manufacturing Fund. This will be on top of the $200 million funding it had provided to the glassmaker back in May 2017.

Corning supplies Apple with cover glass for the iPad, iPhone, and the Apple Watch. While Apple does not use Corning’s brand name in the spec sheet, the iPhone 11 and iPhone 11 Pro also make use of Corning’s strengthened glass. Corning has manufactured the glass used at its Harrodsburg facility in Kentucky. In fact, the glass used in every generation of iPhone and Apple Watch has been made in this very facility itself.

“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,” said Jeff Williams, Apple’s chief operating officer. “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.”

Since the original iPhone’s release, Apple has spent nearly $3 billion with Corning on the glass used in iPhone, Apple Watch, and iPad.

In its press release, Apple boasts that it has invested over $1 billion from its Advanced Manufacturing Fund in American companies. The company has created a budget of $5 billion to invest in companies for advanced manufacturing purposes.

[Via Apple]