Sep 17, 2019

Apple invests another $250 million in iPhone supplier Corning

A worker at the Corning plant that makes glass for Apple iPhones. Photo: Apple

Apple said Tuesday it is awarding key supplier Corning with $250 million from the company's $5 billion Advanced Manufacturing Fund, designed to invest in U.S.-based companies that make parts for the company.

Why it matters: The move aims to help Corning with the massive R&D expense of coming up with ever stronger glass to go on the outside of the iPhone, Apple Watch and other products. The latest deal comes on top of $200 million Apple put into Corning in 2017.

What they're not saying: Apple isn't saying exactly how the deal is structured, but it is part of a much broader relationship in which Apple and Corning work together on glass and billions of dollars change hands.

The bottom line: People talk about making iPhones in the U.S., but that's unlikely to happen. There are real iPhone manufacturing jobs in the U.S., but they are at suppliers like Corning.

Go deeper

Apple shakes off its critics as stock hits 52-week high

Photo: Philip Fong/AFP via Getty Images

Apple's stock rose 1.35% Thursday, more than doubling gains by the S&P 500 and the Nasdaq and touching a 52-week high.

Driving the news: The strong gains came despite criticism of the company for pulling apps from its store in recent days to appease Chinese authorities.

Go deeperArrowOct 11, 2019

Apple to assemble new Mac Pro in Texas

The redesigned Mac Pro. Photo: Ina Fried/Axios

Apple confirmed on Monday its plan to continue doing the final assembly of its high-end Mac Pro desktop computers in Texas.

Why it matters: The Mac Pro is the only Apple computer to be made in the U.S. This move is part of Apple's efforts to show it is producing what it can domestically, while still relying on China for most manufacturing (along with most other tech companies).

Go deeperArrowSep 23, 2019

NBC extends deal to be exclusive seller of ads in Apple Stocks and Apple News

Photo by Noam Galai/FilmMagic/Getty Images

NBCUniversal has extended its partnership with Apple News to now be the exclusive seller of ads in Apple Stocks, as well as Apple News, executives tells Axios.

Why it matters: The multi-year partnership means that NBCU can sell ads against all the stories in the main feed of Apple Stocks, as well as Apple News for several years. Other publishers can still sell ads again their own articles.

Go deeperArrowOct 15, 2019