Apple invested another $ 45 million in Corning: we are waiting for a foldable iPhone with flexible protective glass

Apple has long been collaborating with Corning, a manufacturer of protective glass for smartphones, smart watches and others.

gadgets. And now the company has decided to make additional investments.

How much and why?

Since 2017, Apple has already invested more than $450 million in Corning, and recently announced an additional investment of $45 million. This money was allocated by the Advanced Manufacturing Fund.

Apple emphasized that these investments are intended“expand Corning’s manufacturing capabilities in the United States and stimulate research and development in innovative technologies that ensure reliability and long product life.”

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Recall that Corning produces protective glass foriPhone, iPad and Apple Watch. For example, the iPhone 12 received ultra-strong Ceramic Shield glass, which, according to the manufacturer, is 4 times more resistant to damage from falls.

Corning is also likely developing flexible glass for the first foldable iPhone. According to rumors, it will be released only in 2023.

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