Apple Awarding Corning $45 Million from Advanced Manufacturing Fund
By Michael Dabaie
Apple Inc. said it is awarding $45 million from its Advanced
Manufacturing Fund to Corning Inc.
Corning is a supplier of precision glass for Apple's iPhone,
Apple Watch, and iPad.
Apple said the funding will expand Corning's U.S. manufacturing
capacity and drive research and development into new technologies
that support durability and long product life.
Corning has already received $450 million from Apple's $5
billion Advanced Manufacturing Fund over the last four years, Apple
said. The company said the investment has helped facilitate
research and development into glass processes, which led to the
creation of new glass-ceramic material Ceramic Shield.
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(END) Dow Jones Newswires
May 10, 2021 07:46 ET (11:46 GMT)
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