Apple to invest $0 million in U.S. glass maker Corning

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Glass a new Corning is actually the first to receive an investment via Apple’s brand new $1 billion U.S. manufacturing fund.

Apple (AAPL, Tech30) on Friday said Corning (GLW) will receive $0 million via the fund. Last week, Apple CEO Tim Cook said the tech giant would likely put $1 billion into a fund aimed at bringing advanced manufacturing jobs to the United States.

The investment will go toward Corning’s research as well as development, equipment needs as well as state-of-the-art glass processing. Corning makes Gorilla Glass displays for smartphones as well as tablets, including for Apple products.

Related: Tim Cook: Apple creating $1B fund to bring manufacturing jobs to the U.S.

“Corning is actually a great example of a supplier of which has continued to innovate as well as they are one of Apple’s long-standing suppliers,” Apple COO Jeff Williams said in a statement.

“This particular partnership started off 10 years ago with the very first iPhone, as well as today every customer of which buys an iPhone or iPad anywhere from the planet touches glass of which was developed in America,” he added.

Corning carries a major production facility in Harrodsburg, Kentucky — as well as the investment will benefit of which plant, Corning CEO Wendell Weeks said.

The two companies said they have created as well as sustained almost 1,000 U.S. jobs together since 2007.

Apple also plans to put money into programs of which will train “the next generation” of app developers. Cook told CNBC earlier This particular month of which he plans to announce more about of which This particular summer.

CNNMoney (brand new York) First published May 12, 2017: 12:21 PM ET

Source : Apple to invest $0 million in U.S. glass maker Corning

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