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Dan Primack May 12, 2017
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Apple's manufacturing fund invests $200 million in Corning

Apple

Apple this morning announced that it will invest $200 million into Corning as the first investment from its $1 billion Advanced Manufacturing Fund. Corning has long made the glass covers for Apple's devices, starting with the first iPhone 10 years ago.

Between the lines: President Trump has pushed Apple to bring more of its overseas manufacturing plants back to the U.S., so investing in partners that already have manufacturing operations is smart politics and good business.