This week, Apple announced that it would be investing $200 million in glass supplier Corning as part of its new Advanced Manufacturing Fund. While the investment may seem straightforward on the surface, invest in a glass company for screens, analysts believe that it actually goes much deeper than that…
As noted by CNBC, a pair of analysts on Friday expressed that there’s much more to this investment than just display glass. For instance, Oppenheimer analyst Andrew Uerkwitz, who regularly covers Corning, explained that the move away from metal to glass is a must for wireless charging technologies.
