Apple taps into new fund for $200M investment in Corning
May 15, 2017
Industrial Supplies and Parts | Corning, NY | PIPE
Apple (NASDAQ: AAPL) has pumped $200 million into Corning Incorporated (NYSE: GLW), the US manufacturer of the glass used in the touchscreens on its handheld devices like the iPhone. The capital comes from the tech giant's Advanced Manufacturing Fund and will support Corning’s R&D, glass processing and capital equipment needs at the company's facility in Harrodsburg, KY. Aimed at fostering innovation among American manufacturers, Apple's new fund will commit at least $1 billion to US-based companies.