How Much More Money Did Apple And Corning Make After They Collabed

Gorilla Glass maker Corning gets $200 1000000 from Apple'southward Usa manufacturing investment fund

Apple made news and scored some positive PR earlier this month when the company appear a $1 billion fund aimed at investing in Usa-based manufacturing. Now it'south ready to announce the beginning big investment from its Avant-garde Manufacturing Fund. New York-based Corning Incorporated will be receiving $200 1000000 from the tech giant's coffers, coin that volition go toward its Harrodsburg, Kentucky R&D facility.

Corning is a logical get-go pick for Apple tree. The two companies take worked closely for roughly a decade, when Apple tree first pushed Corning to create a chemically strengthened drinking glass for the iPhone. The resulting production, Gorilla Glass, has since become the standard for about every smartphone maker out at that place.

Every bit Apple helpfully adds in a news release touting the funding, the relationship thus far "has created and sustained nearly 1,000 U.s.a. jobs beyond Corning's R&D, manufacturing and commercial functions, including over 400 in Harrodsburg." And indeed, bated from a brief dalliance with constructed sapphire crystal a couple of years back, it's been a pretty fruitful partnership.

The funding, of course, comes as the national conversation has begun focusing more heavily on an attempt to render manufacturing jobs dorsum to the Us. Trump regularly name-checked Apple during his presidential campaign, fifty-fifty going so far as suggesting he would essentially strength the company to make iPhones in the US, stating, "I'thou going to become Apple to start making their computers and their iPhones on our land, not in China."

This certainly isn't that. If anything, it'south a sign that the fund will be focused, at to the lowest degree in part, on outside companies that are already doing some domestic manufacturing. While Apple has done some assembly hither in united states of america (namely the Mac Pro, for which it congenital a facility in Texas), actually uprooting its existing manufacturing chain would crave a much more than massive investment than the one it just gave Corning.

Fifty-fifty so, any sort of investment similar this will likely and should be regarded equally a win for anyone with an involvement in returning manufacturing to the US, regardless of political leanings. It's too certainly worth tracking how this manner of investment will bear on the human relationship between the companies involved – Gorilla Glass has, after all, had stiff relationships with simply about every major smartphone manufacturer.

Hopefully this doesn't adversely impact the relationship Corning has had with competitors similar Samsung, HTC and LG. We've reached out to all parties to comment on what the investment will mean for those relationships, moving forrard. We'll update when we hear dorsum.

Source: https://techcrunch.com/2017/05/12/gorilla-glass-maker-corning-gets-200-million-from-apples-us-manufacturing-investment-fund/

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