Connect with us

Hi, what are you looking for?

Smart Income LibrarySmart Income Library

Tech News

Gorilla Glass maker Corning to receive up to $32 million under CHIPS Act

Samsung Galaxy S24 Ultra shown from top down on a shelf with screen on.
Samsung’s Galaxy S24 is just one of the many phones that use Gorilla Glass. | Photo by Allison Johnson / The Verge

Corning, the maker of Gorilla Glass, is set to receive up to $32 million in funding under the CHIPS and Science Act. In an announcement on Friday, the US Commerce Department said the proposed funding will help Corning increase production of its glass products used in the chip-making process.

The announcement comes just days after the European Commission opened an antitrust investigation into Corning over whether it uses exclusive supply agreements to stifle competition. Both Samsung and Apple use Corning’s ultra-tough alkali-aluminosilicate glass — or Gorilla Glass — on their phones, tablets, and smartwatches.

However, the proposed CHIPS Act funding doesn’t have anything to do with Gorilla Glass. Corning will put the funding toward the…

Continue reading…

You May Also Like

Editor's Pick

Whipsaws and losing trades are part of the process for trend-following strategies. These are expenses, and simply unavoidable. Over time, trend-following strategies will catch...

Tech News

Klipsch’s Flexus Core 300 soundbar will leverage Dirac’s room correction calibration tools. | Image: Klipsch Klipsch has announced its new Flexus Core 300 soundbar,...

Editor's Pick

So the first Fed rate cut is behind us, and we are no longer in a “higher for longer” period, but in a new...

Politics

In the final three weeks of the presidential race, former president Donald Trump and his advisers have attacked one particular foe more than three...