Apple has announced that its intentions to invest $200 million in Kentucky-based glass manufacturer Corning Incorporated from its advance manufacturing funds. The investment will help “Corning’s R&D, capital equipment needs and state-of-the-art glass processing”. Apple CEO Jeff William said,
“Corning is a great example of a supplier that has continued to innovate and they are one of Apple’s long-standing suppliers. This partnership started 10 years ago with the very first iPhone, and today every customer that buys an iPhone or iPad anywhere in the world touches glass that was developed in America. We’re extremely proud of our collaboration over the years and we are investing further with Corning who has such a rich legacy of innovative manufacturing practices.”
Corning’s partnership with Apple began 10 years before with the first iPhone. Apple has committed to invest atleast $1 billion with US-based companies concentrating on production, and this will create millions of jobs in us.