May 13th, the news that Apple promised to invest 1 billion US dollars to help boost the US manufacturing industry, according to "Financial Times" reported that Apple's first investment of 200 million US dollars spent Corning. Corning is worth billions of dollars and has been providing screen glass to the iPhone for the past decade.
Corning will receive $200 million from Apple to help build its factory in Harrodsburg, Kentucky. The listed company Corning has 165 years of corporate history, with a current market value of 26 billion U.S. dollars.
According to Corning's website, Corning has been supplying Gorilla Glass for the first iPhone since 2007. These glasses are produced in Kentucky, South Korea, Japan, and Taiwan. Corning has factories throughout the world, including Mexico, China, and the United States.
Apple's investment will be mainly used for Kentucky's R & D and capital investment, hope to help Corning to provide market competitiveness, but also can make their own products benefit from it.
Corning's stock rose less than 1% in early trading Friday to close at $29.04 per share. Apple's share price hit a record high and closed at $156.42 per share, pushing the company's market value to $817 billion.
Apple announced last week that it will invest at least $1 billion to stimulate US employment and manufacturing. The new president, Trump, criticized Apple for making most of its products overseas during the election campaign, which hurt American employment.
In November last year, Trump told the New York Times that he asked Apple CEO Cook to build the factory in the United States instead of going to China or Vietnam.
Apple announced on Friday that it will invest 200 million U.S. dollars in Corning, and said that the company’s new fund "is aimed at promoting innovative production and high-skilled work, laying the foundation for a new era in U.S. technology-driven manufacturing." Although the first investment was invested in mature suppliers, it does not rule out the possibility of investing in a large number of start-up companies in the future.
Apple last month released a report on its employment and economic impact in the United States, saying that the company spends $50 billion annually to support 2 million jobs from more than 9,000 suppliers.
Jeff Williams, chief operating officer of Apple Inc., praised Corning on Friday as a model of continued innovation from suppliers.
“The partnership began 10 years ago with the first iPhone. Nowadays, every customer around the world who purchases an iPhone or iPad is using glass developed in the United States,†said Williams.
Walter Isaacson, the biographer, described in Steve Jobs how Steve Jobs put pressure on Corning to produce as much gorilla glass as possible within six months. The process of producing gorilla glass is complicated. It is impossible for Corning CEO Wendel Vickers to protest that it is possible to produce so many products in such a short period of time. It is rumored that Steve Jobs used his usual "reality distortion field" to bluntly respond to the protest: " Yes, you can do it...†Corning successfully fulfilled the delivery requirements.
This anecdote is often used to support Jobs' "reality distortion field" and Steve Jobs is good at using the pressure to inspire his potential. On the other hand, this case also shows Apple's extreme demands on its suppliers.
"The long-term cooperation between Corning and Apple not only brings significant innovations in glass technology to benefit consumers, but also help the United States to create nearly 1,000 jobs and enable us to continue to grow in the United States," Vickers said on Friday. . "This investment will continue to make our factory in Harrodsburg continue to be the global glass technology center."
Although not ridiculous each other, but Apple has never changed. In 2013, Apple tried to seek to replace gorilla glass with sapphire in its products and provided 578 million US dollars to a company named GT (GT Advanced Technologies) to build a sapphire glass factory. Later, because GT failed to meet the mass production standards and failed to cooperate, the GT rejected by Apple filed for bankruptcy. GT and Apple finally reached a settlement in 2015.
The factory that was originally used to produce sapphire glass is being transformed into Apple's data center. According to the US regulatory document issued in January this year, Apple is also seeking to produce "some components of consumer electronics products" at the factory, including server cabinets. (Sun Wenwen)
The potential signal of the return of Lithium Iron Phosphate Battery (LiFePO4) in the market shows that safety is prime precedence for battery. High energy density and high safety of the battery are also required for various applications. In fact, this expectation of battery is the same applies to telecommunication base station. UFO 48V 50Ah LiFePO4 Battery is suitable for base station applications. UFO POWER`s low-maintenance Lithium iron phosphate (LiFePO4) battery has provided reliable support for many overseas telecommunication base station.
Applications:
Feature of Rack Mount LiFePO4 Battery for Telecom Towers
â— Safe LiFePO4 Battery Cells
â— Modular Design for Limited Space
â— GPRS for Battery Remote Monitoring
â— Communication Function
â— Flexible capacity scalability
48V 50Ah Lifepo4 Battery,48V Battery Voltage Chart,48V Battery For Electric Scooter,48V Battery For Electric Bike
ShenZhen UFO Power Technology Co., Ltd. , https://www.ufobattery.com