×

Apple Invests $200 Million in iPhone Screen Glass Maker Corning

Apple has invested $200 million in Kentucky-based glass manufacturer Corning, which has been supplying the company with glass for iPhone screens and other products for years. The investment is part of a $1 billion commitment to U.S. manufacturing.

Most of the $200 million will be invested in Harrodsburg, Kentucky, where Corning has been manufacturing glass for the past 65 years. Corning will spend the money on research and development and glass manufacturing equipment, according to a news release.

Corning has been supplying Apple with glass ever since the introduction of the iPhone 10 years ago. The company is best known for a product it calls Gorilla Glass, which has been optimized to be damage and scratch resistant. In addition to the iPhone, Gorilla Glass is also being used for phones from Samsung, HTC, and Huawei, among others.

Apple announced earlier this month that it would invest $1 billion into U.S.-based manufacturing. That announcement can be linked to efforts to sway the new administration as it looks to reform the tax code, which could allow Apple to repatriate some of its foreign profits.

Apple at the time also claimed that it was responsible for 2 million U.S. jobs. The company itself employs around 80,000 people in the U.S., ranging from store clerks to software developers. Apple also counted 1.5 million jobs “created and supported by the app store” as part of those 2 million. However, at least 75 percent of those app developers also work on Android apps, according to the study referenced by Apple.

More Digital

  • Vobile - ZEFR acquisition - Yangbin

    Zefr Sells Its Copyright-Flagging and YouTube Channel-Management Businesses to Vobile for $90 Million

    Vobile Group, a video protection and measurement company, announced a deal to acquire Zefr’s RightsID copyright-management and ChannelID YouTube channel-management businesses for about $90 million. According to the companies, Zefr’s RightsID and ChannelID together generated over $40 million in revenue in 2018 and were profitable. The deal stands to more than triple the revenue for [...]

  • Justin Connolly

    Disney Merges All Media Sales and TV Channel Distribution Under Justin Connolly

    Disney promoted longtime ESPN exec Justin Connolly to the new role of president, media distribution, overseeing a single organization that combines all of the company’s media sales and TV channel distribution operations. Connolly previously served as EVP, affiliate sales and marketing, Disney and ESPN Media Networks. Based in New York, he will report to Kevin [...]

  • NASA - International Space Station

    Hulu Is Getting NASA TV in Time for the Moon Landing Anniversary

    Hulu’s live TV service is getting NASA TV just in time for the 50th anniversary of the Apollo 11 mission. In addition to a live feed, which is available only to subscribers of Hulu’s live TV tier, Hulu is also gaining access to select NASA TV series on demand. The live TV deal was announced [...]

  • iheartmedia logo

    iHeartMedia Stock Drops in NASDAQ Debut

    Shares of iHeartMedia, the U.S.’s biggest radio network, fell as much as 7% after they commenced trading Thursday on the NASDAQ Global Select Market, and ended the day down around 3%. Last month, after exiting a year-long bankruptcy reorg, iHeartMedia announced it was approved for listing on NASDAQ, instead of pursuing an IPO. The company’s [...]

  • iHeartMedia-Pride-Media-TheOutcast-Logo

    iHeartMedia, Pride Media to Co-Produce Slate of LGBTQ+ Podcasts

    iHeartMedia is teaming with Pride Media, the media company whose brands include Out, The Advocate and Pride, to co-produce a slate of LGBTQ+ podcasts in 2019-20. The partnership will kick off with “The Outcast,” an iHeartRadio original podcast co-produced with Out Magazine. Hosted by Out Magazine deputy editor Fran Tirado, the weekly podcast will explore [...]

  • Netflix Reed Hastings

    Netflix Shares Dive After Q2 Stumble: Just a Hiccup or Sign of Bigger Trouble?

    Netflix badly undershot its subscriber forecasts for the second quarter of 2019 — posting its first net U.S. customer decline since 2011 while growth slowed considerably overseas. The company added 2.7 million subs worldwide, almost half as many as the 5 million it had projected. With the big miss, Netflix shares took a predictable hit, [...]

More From Our Brands

Access exclusive content