Why Did Apple Invest in These Two Companies?
Earlier this year, Apple (NASDAQ: AAPL) launched a $1 billion Advanced Manufacturing Fund for US companies. Apple revealed that fund alongside other ways it would contribute to job creation in the United States -- like its 80,000 US employees and the $50 billion it paid US suppliers in 2016 -- in response to criticisms that it made most of its products overseas.
In May, the fund awarded $200 million to glass and ceramics maker Corning (NYSE: GLW). In mid-December, it awarded $390 million to optical components maker Finisar (NASDAQ: FNSR). Let's take a closer look at Apple's relationships with these two suppliers.
Image source: Apple.
Source: Fool.com
