Apple Invests $250 Million Into Corning for Potential New Glass Innovations

The giant Apple is constantly investing in the best technology and innovations to satisfy its clients and bring them top quality products.

This time, Apple is investing an additional $250 million to Corning, the company’s main manufacturer for glass used in its iPhones, iPads, and Apple Watches.

In 2017, Apple’s Advanced Manufacturing Fund has already provided $200 million to Corning. All these investments are meant to sustain “a new era of technology-driven manufacturing in the US.”

According to the press release issued by Apple, “The combined investment supports Corning’s research and development into state-of-the-art glass processes, equipment and materials integral to the delivery of next-generation consumer devices” 

There are also rumors according to which the giant is working on a foldable phone to release in 2020, so an investment in Corning seems like the right thing to do, as the bendable glass folding smartphones are becoming a thing.

However, Corning is discrete about the way it will use the investments and its chairman Wendell P. Weeks only said that Corning will make use of this to “develop groundbreaking new glass innovations” as well as generate “vital new capabilities for end-users.”