Apple awards Corning first Advanced Manufacturing Fund investment

Apple;

Apple today announced Corning Incorporated will receive $200 million from Apple’s new Advanced Manufacturing Fund as part of the company’s commitment to foster innovation among American manufacturers. The investment will support Corning’s R&D, capital equipment needs and state-of-the-art glass processing. Corning’s 65-year-old Harrodsburg facility has been integral to the 10-year collaboration between these two innovative companies and will be the focus of Apple’s investment.

It makes sense for Apple to invest and their supply chain, specially if they’re supplying the components to their most important product. Looks like these investment will be for US-based companies only.

Apple’s Cash Hoard Set to Top $250 Billion

Tripp Mickle, reporting for Wall Street Journal;

Apple Inc. is expected to report Tuesday that its stockpile of cash has topped a quarter of a trillion dollars, an unrivaled hoard that is greater than the market value of either Wal-Mart Stores Inc. or Procter & Gamble Co. and exceeds the foreign-currency reserves held by the U.K. and Canada combined.

This is just ridiculous.

To think that this is all because of the success of iPhone!

Snapchat Parent Snap Valued at $24 Billion After IPO Pricing

Corrie Driebusch and Maureen Farrell, reporting for Wall Street Journal;

Snap Inc. priced its initial public offering above expectations Wednesday, as investors clamored for a piece of the biggest technology IPO in the U.S. since Alibaba Group Holding Ltd. made its debut in 2014.

Snap fetched $17 a share in its offering, the company said, confirming an earlier report by The Wall Street Journal. That gives the parent of popular disappearing-message app Snapchat a market value of nearly $24 billion. It was also above the $14 to $16 a share Snap had targeted, indicating strong demand for an IPO that has captivated investors and analysts since the company confidentially filed for the offering late last year.

Flipkart

Flipkart is India’s leading ecommerce marketplace with more than 80 million products across more than 80 categories.

The company was launched in 2007 by a team of 2. Today the company is valued at $6 billion.

Ezyhaul

Ezyhaul is an online on-demand freight exchange that connects shippers with pre-qualified carriers who have unutilized capacity on their trucks.

Ezyhaul is a rapidly growing technology company in South East Asia focused on transforming the road freight industry. Our online, on-demand freight exchange platform connects shippers with pre-qualified and reliable domestic carriers who have unutilized capacity on their trucks.

Ezyhaul’s vision is to transform the world of transportation logistics by building an ecosystem around shippers, transportation companies, authorities, and third party service partners. Connected through the Internet of Things and driven by data analytics we will empower all our partners in the ecosystem.

Founded by a team of logistics veterans we understand the challenges in the industry. We apply the latest technology to make shipping ezy and create a hassle free experience for shippers and carriers.​

Headquartered in Singapore, Ezyhaul’s launch market is Malaysia and we will be expanding operations later this year to other countries in South East Asia.