| Cult of Mac

Apple awards $45 million to the company that helps make tough iPhone screens

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Corning's Silicon Valley research center
Corning's Silicon Valley research center.
Photo: Leander Kahney/Cult of Mac

Apple is handing another $45 million to the company which makes Gorilla Glass for the iPhone. Announced Monday, Apple’s eight-figure award will help Corning “expand manufacturing” and “drive research and development” in the United States.

It’s part of Apple’s Advanced Manufacturing Fund, dedicated to supporting American businesses that are creating the jobs of the future. But, like the recent $410 million cash injection to the company that makes laser components for the iPhone, it also helps out Apple’s future plans.

Apple awards extra $410 million to optical firm that makes LiDAR lasers

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Advanced manufacturing
This is the latest investment from Apple's Advanced Manufacturing Fund.
Photo: Apple

Apple has awarded an additional $410 million from its Advanced Manufacturing Fund to II-VI, a firm that makes optical technology for the iPhone, including the laser for the LiDAR scanner found in the iPhone 12 Pro.

Apple previously awarded the firm $390 million back in 2017. The extra cash will “accelerate delivery of future components” for iPhone. It will also help fund the creation of more than 700 jobs in Texas, New Jersey, Pennsylvania, and Illinois.

Apple’s helping hand aids swab-maker in shipping 15 million COVID-19 test kits

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Apple didn't just offer money to produce COVID-19 test kits. It lent Copan Diagnostics engineers and product designers, too.
Apple didn't just offer money to produce COVID-19 test kits. It lent engineers and product designers, too.
Photo: Apple

Apple assisted nasal swab-maker Copan Diagnostics in shipping 15 million COVID-19 test kits to hospitals in California, Texas and elsewhere, the company said Monday.

Apple awarded $10 million from its Advanced Manufacturing Fund to support Copan in May 2020. Cupertino also sent engineers and product designers to help Copan overhaul its manufacturing processes. Thanks to the Apple boost, production supposedly increased by nearly 4,000%. Copan also opened a new facility and hired 250 employees.

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

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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

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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

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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

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amf_earplugs_worker
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.