Corning, which specializes in the production of glass for smartphones and tablets, will receive $ 200 billion from the Apple fund, designed to support American manufacturers. The total amount of the fund created by the US corporation to create jobs in the US in the US is $ 1 billion.

Corning will be the first recipient of Apple's products. The company said that the money is intended for the development of research initiatives and production of Corning, the production of glass and other financial support of the company.

"Corning is an excellent example of a supplier that is constantly evolving. In addition, the company is included in the list of long-standing partners of Apple ", - said Apple Operations Director Jeff Williams.

He recalled that the cooperation between Apple and Corning lasts about 10 years, and now "every buyer of iPhone and iPad uses glass developed in the US". Will Apple get a stake in Corning following the deal, the company did not mention.

In early May, Apple announced the creation of a fund with a capital of $ 1 billion, of which it plans to finance American production. The main goal is to create new jobs in the US. According to observers, this is done to improve relations with President Trump. In response, he should become more flexible in tax and immigration matters.

The head of Apple, Tim Cook, explained that with this money it will be possible to create vacancies directly in production, which will entail the appearance of new jobs in the service sector. "It's like circles on the water," - says the head of Apple.

The company will take the necessary billion from its "American money". "To get them, they will have to borrow," said Cook, referring to the US tax policy, which makes it difficult for the repatriation of foreign capital to Apple.