Jim Cramer joins ‘Squawk on the Street’ from Corning’s Kentucky facility and talks with Apple CEO Tim Cook about what’s new in Apple’s latest iPhone lineup.
Corning is creating the world’s largest and most advanced smartphone glass production line at the Harrodsburg facility. Corning will now dedicate this entire facility to manufacturing for Apple, which will help increase Corning’s manufacturing and engineering workforce in Kentucky by 50 percent. The two companies will also open a new Apple-Corning Innovation Center at the Harrodsburg plant. The Innovation Center will play a key role in the development and engineering of advanced materials and next-generation manufacturing platforms for Apple’s future generations of products.
These projects are part of Apple’s broader commitment to spend and invest more than $600 billion in the U.S. economy over the next four years. This includes Apple’s newly announced American Manufacturing Program (AMP), which will invest across America and incentivize global companies to onshore production and manufacture even more of Apple’s critical components in the United States.
Apple in August announced the American Manufacturing Program that will help fund a major expansion of Apple’s long-standing partnership with Corning, bringing the world’s largest and most advanced smartphone glass production line to a factory in Harrodsburg, Kentucky. The expansion means that soon, every iPhone and Apple Watch sold around the world will be built with Kentucky-made cover glass. The two companies will also open a new Apple-Corning Innovation Center in Kentucky.
MacDailyNews Note: Since the creation of Apple’s U.S. Advanced Manufacturing Fund in 2017, Apple has invested nearly $500 million in Corning’s Kentucky operations, with billions more spent on glass manufactured in the U.S.
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