Economy

Apple to spend $200 million supporting Corning plant in Ky

Apple to spend $200 million supporting Corning plant in Ky

It may not stop at $1 billion either, as Apple has pledged "at least" that amount through the Advanced Manufacturing Fund. Apple certainly has hit the ground running, so we might just hear about the next investment recipient shortly.

Apple said the money will go toward bolstering Corning's R&D, capital equipment needs, and glass processing.

Apple announced Friday that Corning will receive $200 million from the tech giant's new Advanced Manufacturing Fund. Those are numbers Apple no doubt likes considering the company has been bragging about helping create 2 million jobs across the United States. The company's Gorilla Glass technology, which was unveiled in 2007, is created to bolster the strength of regular glass, reducing chances of damage to smartphone, tablet, and smartwatch screens.

Apple announced earlier this month that it would invest $1 billion into us based manufacturing.

The new fund and the Corning announcement come after a year in which Apple and others were criticized by President Trump, who called them out during his campaign for outsourcing manufacturing overseas.

Apple COO Jeff Williams, Corning CEO Wendell Weeks and Kentucky Senator Mitch McConnell will all be at the Corning factory on Office Street in Harrodsburg on Friday afternoon. Apple selected Corning in part because it has proven to be a supplier that continued to innovate. A year ago alone, Apple spent over $50 billion with more than 9,000 domestic suppliers and manufacturers.

Gorilla Glass, Corning's hardened material that was put into production to supply the first iPhone in 2007, is manufactured in Kentucky, South Korea, Japan and Taiwan, according to the company's website.

Since then, Corning says it has made 552 million square feet (51 million square meters) of its Gorilla Glass product for iPhones and iPads, or roughly enough glass to cover 10,000 football fields.