By Michael Dabaie

Apple Inc. (AAPL) said it is awarding $250 million from its Advanced Manufacturing Fund to Corning Inc. (GLW).

Corning supplies precision glass for Apple's iPhone, Apple Watch and iPad. The award builds on the $200 million the company received from Apple's Advanced Manufacturing Fund in May 2017.

The combined investment supports Corning's research and development into glass processes, equipment and materials, Apple said. Glass for every generation of iPhone has been made at Corning's Harrodsburg, Ky., plant, the company said.

Apple said that to date, it has invested more $1 billion in U.S. companies from its Advanced Manufacturing Fund.

Write to Michael Dabaie at michael.dabaie@wsj.com

(END) Dow Jones Newswires

September 17, 2019 07:32 ET (11:32 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
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