Apple Invests $200 Million in U.S. Glass Manufacturer, Who’s Next on their List?

Apple made headlines earlier this month when the company announced that it would be investing $1 billion into U.S. manufacturing. Only a week later, Apple is already committing some of its Advanced Manufacturing Fund to a U.S. manufacturer. A New York based operation known as Corning Incorporated will be receiving $200 million from the tech leader which will go into its R&D facility in Harrodsburg, Kentucky.

Corning and Apple have worked with each other over the past 10 years, making the company a smart first choice to invest in. Apple had approached Corning to develop a chemically engineered glass for the iPhone that eventually became Gorilla Glass. This product has become the standard for not just the iPhone but almost every smartphone on the market.

“Corning is a great example of a supplier that has continued to innovate and they are one of Apple’s long-standing suppliers,” said Jeff Williams, Apple’s chief operating officer. “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.” (http://apple.co/2rjkgzt)

Apple also pointed out in the press release that their relationship with Corning has already helped exponentially boost American manufacturing stating “it has also helped create nearly 1,000 American jobs and allowed us to continue growing and expanding in the US,” said Wendell P. Weeks, Corning’s chairman, chief executive officer and president.

This move is being made while the nation has its eyes set on domestic manufacturing in particularly on returning jobs back to the States. Apple was repeatedly criticized by President Donald Trump on the campaign trail, who suggested that he was going to strong arm the company into producing their computers and iPhones in the U.S. instead of China. Although this move is certainly a win for U.S. manufacturing, in order for Apple to uproot their entire production chain would require a much bigger investment than what was given to Corning.

If anything, this investment proves that the manufacturing fund set by Apple will be focused into outside companies that are already manufacturing in the U.S.. The biggest question Apple is facing now is who’s next on their list. Plenty of American companies make products for Apple and could have a positive impact on U.S. manufacturing if they were allocated some of the investment. Some examples are Texas Instruments who produces the semiconductors that go in the phones, Broadcom which produces the touch screen technology or Cirrus Logic the company that provides the audio chipset and and codec.

No matter what the company is the money will surely have a big impact on U.S. manufacturing. While the iPhone and other Apple technology may not be assembled in America, there are plenty of components that are and with support from this tech giant they can create even more jobs for the country.

Apple had just recently announced this current initiative so make sure to keep checking back with Manufacturing Talk Radio for more developments on the company’s $1 billion fund.

Sources:

www.industryweek.com/companies-executives/apple-awards-corning-first-advanced-manufacturing-fund-investment

www.apple.com/newsroom/2017/05/apple-awards-corning-first-advanced-manufacturing-fund-investment/

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

mfgtalkradio.com/ts-not-made-china-manufacturing-iphone-apples-global-supply-chain/