#apple’s first target for its $1 billion US manufacturing fund is glass supplier Corning

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Apple announced today that glass supplier Corning will be the first recipient of funds from the $1 billion US Advanced Manufacturing Fund that Apple CEO Tim Cook announced in the beginning of May.

Corning is best known for its incredibly durable Gorilla Glass displays, which are featured on numerous high-end smartphones, including the iPhone. Apple is investing $200 million in the company to “support Corning’s R&D, capital equipment needs, and state-of-the-art glass processing.”

The glass company is a logical choice as a recipient of Apple’s investment, which is meant to promote increased US-based manufacturing. Given that Corning is a longtime Apple partner that’s both headquartered out of New York and has a major production plant in…

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