Apple awards $10 million to company making sample collection kits for COVID-19 testing


Advanced Manufacturing Fund COVID-19
Money comes from Apple's Advanced Manufacturing Fund.
Photo: Apple

Apple is awarding $10 million from its Advanced Manufacturing Fund to COPAN Diagnostics, a company making sample collection kits for COVID-19 coronavirus testing.

This funding will let COPAN “rapidly accelerate” its supply of collection kits for hospitals across the United States, helping it expand production to more than a million kits per week by early July.

Apple is ready to invest far more than $1 billion on U.S. manufacturing


Apple could be a $2 trillion company by end of 2021
Apple wants to help grow the manufacturing sector in the U.S.
Photo: Ste Smith/Cult of Mac

Apple’s Advanced Manufacturing Fund to help U.S. manufacturing isn’t capped at $1 billion, according to chief operating office Jeff Williams.

The $1 billion investment was announced in May this year. At the time, Tim Cook said it was Apple’s “initial” investment, suggesting that there could be more money should things work out well. Clearly Apple has been impressed by the results because in a new interview with CNBC, Jeff Williams said the sum is “absolutely not” Apple’s final threshold.

Apple makes big investment in TrueDepth sensor maker


TrueDepth Finisar
TrueDepth sensors in production at Finisar.
Photo: Apple

Apple has invested a substantial sum of cash in TrueDepth sensor maker Finisar.

The $390 million fund will allow for increased research and development spending, and high-volume production of vertical-cavity surface-emitting lasers (VCSELs). It will also allow Finisar to open a new production facility in Texas, creating more than 500 jobs.

Apple gives $200 million to iPhone glassmaker to promote U.S. manufacturing


Corning employees in Harrodsburg, Kentucky.
Photo: Apple

Apple has awarded Corning the first grant of its $1 billion investment aimed at boosting high-tech manufacturing jobs in the United States. The glassmaker will receive $200 million.

Corning has worked with Apple for a decade — ever since the original iPhone’s Gorilla Glass — to create the glass found on its devices. Apple’s contribution as part of its “Advanced Manufacturing Fund” will support Corning’s R&D, capital equipment needs, and state-of-the-art glass processing.