The Apple Watch Ultra 3 might get slightly more ultra.
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- Yahoo
Apple Partnership Expands Corning (GLW) U.S. Glass Production With $3 Billion Investment
Corning recently announced a significant partnership expansion with Apple, which centers on precision glass manufacturing for Apple products, creating substantial potential for growth and innovation. Over the last quarter, Corning's stock price increased by 42%, with significant contributions from expanding partnerships and collaborations with major tech companies like Apple and Broadcom, as well as strong earnings results. Their partnership with Apple is especially impactful, involving a $2.5 billion investment which marked a strategic move towards increased production efficiency and innovation. Additionally, the broader market movement remains positive, with major indices witnessing consistent gains. Corning has 3 possible red flags we think you should know about. Find companies with promising cash flow potential yet trading below their fair value. The recent partnership expansion between Corning and Apple presents promising implications for Corning's future performance, especially considering its focus on precision glass manufacturing. This development is expected to drive significant growth in both revenue and earnings, reinforcing Corning's position in the high-tech materials sector. Over the past five years, Corning's total shareholder return, including both stock price appreciation and dividends, reached 125.50%. This showcases the company's ability to generate value for its investors over an extended period. In comparison to the broader market and the US Electronic industry, Corning's one-year performance exceeded that of the US Electronic industry, with returns surpassing 42%. This indicates a robust recovery and growth trajectory, supported by the company's strategic industry engagements and innovations in Optical Communications and Solar sectors. The collaboration with Apple can potentially enhance Corning's revenue growth forecasts, with analysts projecting an annual growth rate of 12.4% over the next three years. This aligns with Corning's aim to increase profit margins significantly. Despite the recent share price rise to US$63.98, slightly below the consensus price target of approximately US$66.25, the gap suggests a potential room for further appreciation as the company leverages its expanded capabilities and market opportunities. The close alignment with analyst expectations for share price and growth metrics indicates confidence in Corning's strategic direction and its anticipated impact on future financial performance. Our comprehensive valuation report raises the possibility that Corning is priced higher than what may be justified by its financials. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include GLW. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@
Android Authority
an hour ago
- Android Authority
Samsung will soon make chips for iPhones in the US
Ryan Haines / Android Authority TL;DR Apple has said that Samsung's US factory will make chips for a number of its products, including iPhones. It's unclear if Apple is referring to its A series chips that are the heart and soul of iPhones. Samsung has historically produced A series chips for Apple, but it's been a while since anyone but TSMC manufactured iPhone chips. Apple says Samsung's facility will supply chips that 'optimize power and performance of Apple products.' Apple has announced that none other than Samsung will soon make chips for its products, including iPhones. Before you start thinking iPhones will soon be powered by Exynos processors, let's examine what Apple is saying exactly and the history between the two companies as far as manufacturing iPhone components is concerned. As part of its announcement of investing an additional $100 billion in the US over the next four years, Apple said that it will procure chips from Samsung's Austin factory for a number of its products, including its phones. 'This facility will supply chips that optimize power and performance of Apple products, including iPhone devices,' Apple said in a statement. While it's unclear just how big a role these Samsung chips will play in shaping Apple's A series processors, it's certainly interesting to see the two tech giants joining hands for crucial iPhone components. While Samsung currently doesn't have any role in manufacturing any part of the iPhone's A series processors — that's a job for TSMC — the South Korean company has been a long-time supplier of displays, RAM, and memory chips for iPhones. Samsung also historically manufactured Apple's A series chips for iPhone, specifically from the A4 chip used on the iPhone 4 through to the A9 chip used in the iPhone 6s. After the A9 chip, however, Apple moved its chip production to TSMC. It would be a big deal if Samsung once again started making the A series chips for Apple out of the US, but that's unlikely to happen. Apple is already expected to utilize TSMC's 3nm process for its A19 and A19 Pro chips, which will power the iPhone 17 lineup. Follow
Yahoo
an hour ago
- Yahoo
Trump to impose about 100% chip tariff to push US production
US President Donald Trump on Wednesday said the United States will impose "approximately 100%" tariffs on imported semiconductor chips, saying chipmakers could avoid them by investing in US production. Speaking alongside Apple chief executive Tim Cook at a press conference, Trump said companies that are already building facilities in the US or plan to do so would not be affected. He expressed confidence the measure would boost domestic chip manufacturing. However, industry experts note that building such plants often takes years and requires billions of dollars. "Apple is coming back to America," Trump declared, citing the tech giant's investment plans. Just minutes before Trump's remarks, Apple announced another $100 billion US investment, having already pledged $500 billion earlier this year. It now plans to hire 20,000 new employees in the coming years, primarily in research and development. US suppliers such as glassmaker Corning, which produced the first iPhone's specialty glass and operates a plant in Kentucky, are expected to benefit. According to Apple, all iPhones and Apple Watches worldwide will soon feature US-made glass. While Trump has demanded iPhones be made in the US, Cook appeared to have persuaded him otherwise. Most iPhones sold in the US are currently assembled in India, with components manufactured in various countries. Trump acknowledged that many parts were already being produced domestically, even if final assembly takes place abroad. Experts: Significant production shift unlikely Experts remain sceptical about a significant reshoring of Apple's supply chain. Decades of outsourcing have shifted much of the electronics industry's manufacturing base to Asia. Gene Munster, managing partner at Deepwater Asset Management, described the latest announcement as a political deal: "Trump gets the headline, and Cook gets the tariff break," he told US broadcaster CNBC. "I don't see this as any operational change, I see this as yet another stroke of genius from Tim Cook at navigating a pretty unpredictable environment," Munster added. Sweeping tariffs without exemptions for major suppliers would likely drive up electronics prices across the board, as most chips are manufactured in Asia. High-end smartphone processors, including those for iPhones, are predominantly made by Taiwan's TSMC, which has already pledged $165 billion in US investments. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
