Corning receives $250M from Apple

Corning

CORNING, N.Y. (WETM) – Corning Inc. has received a $250 million grant from Apple.

The grant comes from a $5 billion Advanced Manufacturing Fund to help glass manufacturers such as Corning Inc.

Corning Inc. previously received $200 million from Apple to create the glass for the brand new iPhone 11’s unveiled earlier this month.

“Apple and Corning’s rich history dates back more than a decade, and our partnership revolutionized glass and transformed the technology industry with the first iPhone,” said Jeff Williams, Apple’s chief operating officer. “This award underscores Apple and Corning’s shared belief in the vital role that ingenuity plays in creating industry-leading products, and the pride that both companies take in applying American innovation and advanced manufacturing to solve some of the world’s toughest technology challenges.”

“We’re proud of what we’ve achieved through our collaboration with Apple, and excited by the new opportunities this additional investment creates,” said Wendell P. Weeks, Corning’s chairman, chief executive officer and president. “This Advanced Manufacturing Fund award will allow us to develop groundbreaking new glass innovations, while also expanding our manufacturing capabilities. Most importantly, our ongoing collaboration allows us to create vital new capabilities for end users and continue pushing the boundaries of what is possible well into the future.”

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