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Apple has invested an additional $ 250 million in the supplier of protective glasses Corning

18.09.2019 0 Comments

Apple has invested an additional $ 250 million in the supplier of protective glasses Corning

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Apple has allocated an additional $ 250 million to Corning, a manufacturer of protective glass for the iPhone, iPad, Apple Watch and many other mobile devices. In fact, the funds came from the Apple Advanced Manufacturing Fund. In 2017, he had already invested $ 200 million in Corning. Now, Apple has committed to spend $ 5 billion from a fund designed to stimulate a “new era of technological production in the United States.”

Neither Apple nor Corning say exactly what development new investments will be directed, only hinting at future devices.

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“Joint investments support the research and development of Corning in the field of modern glass processes, equipment and materials, which are an integral part of the supply of next-generation consumer devices,” Apple said in a press release.

Corning chairman Wendell P. Weeks said the fund’s investment will allow the company to “develop fundamentally new glass innovations” and create “new vital opportunities for end users.”

Note, the investment coincided in time with the beginning of a more active use of bendable displays, which also need protective materials. Now plastic is used for this, but flexible glass would be the preferred material, and manufacturers are trying to create it.

Earlier this month, Bloomberg reported that Samsung is testing ultra-thin bendable glass for its successor, Galaxy Fold. Corning previously spoke of its own efforts to produce glass that is thin enough to bend without becoming too fragile. Early rumors suggest that Apple is working on a folding device, which may appear as early as 2020.

Source: The Verge

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