Categories: Apple

Apple awards an additional $250 million from Advanced Manufacturing Fund to Corning

Glass for every generation of iPhone, including iPhone 11 and iPhone 11 Pro which will be available later this week, has been made at Corning’s Harrodsburg, Kentucky plant. The newest iPhone models feature the toughest glass ever in a smartphone, as well as a back machined from a single piece of glass that allows for wireless charging. 

Apple spent a collective $60 billion with 9,000 American suppliers in 2018, supporting 450,000 jobs in all 50 states and manufacturing locations in 36 states. Every one of the company’s core products — from iPhone and iPad to Mac, Apple Watch and Apple TV — contains parts or materials from the US or is made with equipment from US-based suppliers.

Apple’s Advanced Manufacturing Fund was designed to foster and support the innovative production and high-skill jobs that will help fuel a new era of technology-driven manufacturing in the US. To date, Apple has invested over $1 billion in American companies from its Advanced Manufacturing Fund — deploying the entire $1 billion initial investment and 20 percent of the $5 billion it subsequently committed to spend. In addition to the $450 million now awarded to Corning, other commitments already announced include $390 million to Finisar and $10 million to the Elysis aluminum partnership.

IR Press

Share
Published by
IR Press

Recent Posts

U.S. Department of the Treasury Releases Final Regulations Implementing Bipartisan Tax Reporting Requirements for Brokers of Digital Assets

Regulations help make filing easier for digital asset holders on taxes already owed WASHINGTON – As part of…

1 day ago

OCC Issues Annual Report for 2024

WASHINGTON—The Office of the Comptroller of the Currency (OCC) today published its 2024 Annual Report.…

1 week ago

OCC Announces Enforcement Actions for December 2024

WASHINGTON—The Office of the Comptroller of the Currency (OCC) today released enforcement actions taken against…

1 week ago

Treasury Maintains Pressure on Houthi Procurement and Financing Schemes

WASHINGTON — Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned…

1 week ago

Treasury Sanctions Georgian Ministry of Internal Affairs Officials for Brutality Against Protesters, Journalists, and Politicians

WASHINGTON — Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) is…

1 week ago

Treasury Maintains Pressure on Iranian Shadow Fleet

WASHINGTON — Today, the United States Department of the Treasury is imposing sanctions on four…

1 week ago