The Almighty Buck

Gorilla Glass Maker Corning Gets $200 Million From Apple's US Manufacturing Investment Fund (techcrunch.com) 34

An anonymous reader quotes a report from TechCrunch: Apple made news and scored some positive PR earlier this month when the company announced a $1 billion fund aimed at investing in U.S.-based manufacturing. Now it's ready to announce the first big investment from its Advanced Manufacturing Fund. New York-based Corning Incorporated will be receiving $200 million from the tech giant's coffers, money that will go toward its Harrodsburg, Kentucky R&D facility. Corning is a logical first choice for Apple. The two companies have worked closely for roughly a decade, when Apple first pushed Corning to create a chemically strengthened glass for the iPhone. The resulting product, Gorilla Glass, has since become the standard for nearly every smartphone maker out there. As Apple helpfully adds in a news release touting the funding, the relationship thus far "has created and sustained nearly 1,000 U.S. jobs across Corning's R&D, manufacturing and commercial functions, including over 400 in Harrodsburg." And indeed, aside from a brief dalliance with synthetic sapphire crystal a couple of years back, it's been a pretty fruitful partnership.
Businesses

Blocked From US Tech Investing, China Goes To Israel Instead (cnet.com) 73

Struggling to seal deals in the United States as regulatory scrutiny tightens, Chinese companies looking to invest in promising technology are finding a warmer welcome for their cash in Israel. From a report: Unfazed by this change, which was brought on in part by a new administration focused on US protectionism, Chinese investors are putting their money in Israeli companies instead. Last year, Chinese investment in Israel surged tenfold to $16.5 billion, a record, with money going to Israeli internet, cybersecurity and medical device companies. In contrast, Chinese investors scrapped a record $26.3 billion in previously announced US deals.
Power

Germany Sets New National Record With 85 Percent of Its Electricity Sourced From Renewables (digitaltrends.com) 404

Germany was able to set a new national record for the last weekend of April with 85 percent of all electricity consumed in the country being produced from renewables -- wind, solar, biomass, and hydroelectric power. Digital Trends reports: Aided by a seasonal combination of windy but sunny weather, during that weekend the majority of Germany's coal-fired power stations weren't even operating, while nuclear power stations (which the country plans to phase out by the year 2022) were massively reduced in output. To be clear, this is impressive even by Germany's progressive standards. By comparison, in March just over 40 percent of all electricity consumed in the country came from renewable sources. However, while the end-of-April weekend was an aberration, the hope is that it won't be for too much longer. According to Patrick Graichen of the country's sustainability-focused Agora Energiewende Initiative, German renewable energy percentages in the mid-80s should be "completely normal" by the year 2030.

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