• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster

2

Meet a 71-year-old who retired as a radiologist and professor, and now runs a banana-skewer business: ‘I never want to retire. Why would you do that?’

3

Hilton received 12,000 Gen Z applications for just 72 internship spots—its CHRO says AI has made the hospitality gigs more competitive

1

Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster

2

Meet a 71-year-old who retired as a radiologist and professor, and now runs a banana-skewer business: ‘I never want to retire. Why would you do that?’

3

Hilton received 12,000 Gen Z applications for just 72 internship spots—its CHRO says AI has made the hospitality gigs more competitive
TechBest Companies

Apple Is Making a $200 Million Investment With a New Fund

By
Don Reisinger
Don Reisinger
Down Arrow Button Icon
By
Don Reisinger
Don Reisinger
Down Arrow Button Icon
May 12, 2017, 9:49 AM ET
Google source logo
Add Fortune on Google for similar content.

Apple has found its first target for a new fund aimed at improving advanced manufacturing around the world.

The iPhone maker announced on Friday that it will invest $200 million from its Advanced Manufacturing Fund into Corning’s research-and-development, capital equipment, and glass processing efforts. The majority of the funds will go to Corning’s Harrodsburg, Ky. facility, where much of the company’s glass processing is done.

Apple (AAPL) announced the Advanced Manufacturing Fund last week alongside its fiscal second quarter earnings. Apple said that it would put $1 billion into the fund, and use that cash to fund a variety of manufacturing activities. The company also anticipates using some of the fund’s assets to boost the number of highly skilled jobs that will be required in an advanced manufacturing setting.

Get Data Sheet, Fortune’s technology newsletter

Corning has in the last decade become a prominent figure in the ever-growing smartphone industry. The company’s Gorilla Glass technology, which was unveiled in 2007, is designed to bolster the strength of regular glass, reducing chances of damage to smartphone, tablet, and smartwatch screens. Corning has released new Gorilla Glass iterations over the years that enhance its strength. Several prominent companies, including Apple, use Corning’s technology.

Apple noted in its statement on Friday that it’s been a longstanding Corning partner. The companies first collaborated on glass in 2007. Since then, Apple has relied upon Corning’s glass in all of its iPhones and iPads.

It’s unclear from the statement exactly what Corning (GLW) will use the investment on, and what Apple stands to gain in the process. However, Apple noted that the Corning investment will be the “focus” of its fund. Corning chairman and CEO Wendell Weeks said in a statement that the investment will be used in part to enhance the Harrodsburg glass facility.

About the Author
By Don Reisinger
See full bioRight Arrow Button Icon

Latest in Tech


Most Popular

Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • TikTok icon
  • YouTube icon

    Latest in Tech


    Most Popular

    © 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
    FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.