Corning Stock Soars 7.67% on Apple Partnership

Corning's stock surged 7.67% in pre-market trading on August 7, 2025, driven by a significant boost from its partnership with Apple.

Corning Inc. has seen a notable increase in its stock price following an announcement of an enhanced partnership with Apple Inc. This collaboration aims to produce precision glass for Apple devices, marking a significant step for both companies. Apple declared a new commitment of $100 billion to expand its investments domestically, bringing their total to an impressive $600 billion. This represents a long-term strategy that reinforces Apple’s confidence in the local economy and its suppliers.

A major highlight of this partnership is Apple’s allocation of $2.5 billion specifically for the manufacturing of cover glass for both iPhones and Apple Watches. All of this production will take place at Corning's advanced manufacturing facility located in Kentucky. The initiative is part of Apple’s broader commitment to ensure that all cover glass for its devices is fabricated within the United States.

Tim Cook, Apple’s CEO, expressed his enthusiasm about this partnership, stating, “Corning is a storied American company, and we’re thrilled to work together to build the largest and most advanced production line ever created for smartphone glass.” This partnership symbolizes a great fusion of high-tech capabilities and American manufacturing prowess.

Additionally, Apple is collaborating with various suppliers to expedite U.S. manufacturing through its new American Manufacturing Program. Corning is recognized as one of the initial partners, signifying its crucial role in contributing to Apple’s supply chain innovations. The partnership isn’t limited to glass; Apple announced that GlobalWafers will utilize silicon produced by Corning to create bare wafers in the U.S. for the first time. This move also emphasizes Corning's position as a pivotal player in the production of advanced silicon chips.

The collaboration between Apple and Corning dates back to the inception of the first iPhone in 2007, establishing a robust history of innovation together. As technology advances, so does this relationship, continually adapting to meet modern demands. Corning is crucial in Apple's supply chain for producing advanced materials like precision glass and is partnering in semiconductor manufacturing efforts.