Apple invested money in Corning to make Gorilla Glass for the third time. This time around $ 45 million, bringing the total investment over the past four years to around $ 450 million.
The investment should enable Corning’s production capacity in the US to expand, Apple reported. Part of the money will also go to research and development, by which the company wants to develop new types of glass that ensure the products decompose less quickly and last longer.
It’s Apple’s third investment in Corning in the past four years. In 2019 it was around $ 250 million And in 2017 to $ 200 million. It is not known if there is a link to the investments, but Apple is using Corning’s Ceramic Shield on the iPhone 12 series. According to the manufacturer, this product is more drop-resistant than the types of glass that Corning provides to other manufacturers, due to the use of ceramic elements.
The money comes from Apple’s Advanced Manufacturing Fund. Through this fund, Apple is investing in manufacturers in the United States that produce parts for the iPhone and iPad, for example. For example, at the end of 2017, Apple invested $ 390 million in Finisar, A company that makes lasers Used for Face ID camera.
