Advanced Manufacturing Fund

By MacRumors Staff

Advanced Manufacturing Fund Articles

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Apple Awards iPhone Glass Supplier Corning Additional $45M From Advanced Manufacturing Fund

Monday May 10, 2021 2:43 am PDT by
Apple today announced it is awarding its longtime iPhone, iPad, and Apple Watch glass supplier Corning an additional $45 million from its Advanced Manufacturing Fund, building on its $200 million award in 2017 and $250 million award in 2019. The combined $495 million investment will support Corning's ongoing research and development into "state-of-the-art glass processes, which led to the...
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Apple Awards $410 Million to Face ID and LiDAR Scanner Supplier II-VI

Wednesday May 5, 2021 5:07 am PDT by
Apple today announced it has awarded $410 million from its Advanced Manufacturing Fund to Pennsylvania-based II-VI, a manufacturer of optical technology. The funds will help create additional capacity and accelerate delivery of future iPhone components, supporting more than 700 jobs in Sherman, Texas; Warren, New Jersey; Easton, Pennsylvania; and Champaign, Illinois, according to Apple....
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Apple Awards $10 Million to COVID-19 Testing Kit Maker From Advanced Manufacturing Fund

Thursday May 7, 2020 4:43 am PDT by
Apple has announced it is awarding $10 million from its Advanced Manufacturing Fund to COPAN Diagnostics, a market leader in sample collection kits that play a critical role in COVID-19 testing across the United States. The funding aims to allow COPAN to rapidly accelerate the supply of sample collection kits for hospitals across the U.S., expanding production from several thousand today to...
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Apple Awards iPhone Glass Supplier Corning Additional $250M From Advanced Manufacturing Fund

Tuesday September 17, 2019 4:18 am PDT by
Apple today announced it is awarding its longtime iPhone, iPad, and Apple Watch glass supplier Corning an additional $250 million from its Advanced Manufacturing Fund, building on its $200 million award in 2017. The combined $450 million investment will support Corning's research and development into "state-of-the-art glass processes, equipment and materials integral to the delivery of...
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Apple to Invest $390 Million in Finisar, US Maker of iPhone X TrueDepth Camera Lasers

Wednesday December 13, 2017 3:02 am PST by
Apple announced on Wednesday its plans to invest $390 million in Finisar Corp, which supplies components for the vertical-cavity surface-emitting lasers (VCSEL) found in the iPhone X True Depth camera. The investment will be used to build a plant in Texas to make more of the chips, and will be financed by Apple's $1 billion Advanced Manufacturing Fund, which the company created earlier this...
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Apple Awards Corning First Advanced Manufacturing Fund Investment

Friday May 12, 2017 3:25 am PDT by
Apple today announced that Corning, the makers of Gorilla Glass, will be the first major benefactor of its $1 billion Advanced Manufacturing Fund, which was announced by Apple CEO Tim Cook earlier this month. Corning is a long-time Apple Supplier, and its Gorilla Glass products have been used in the iPhone and the iPad for several years. Corning Incorporated will receive $200 million from...