Apple Gives $10 Million Grant To COVID-19 Testing Firm COPAN Diagnostics
Apple has awarded COPAN Diagnostics a $10 million grant in the fight against the coronavirus pandemic.
Announced on Thursday, the iPad and iPhone maker said that COPAN's efforts are playing a "crucial role" in COVID-19 testing across the United States, which at the time of writing, has the highest number of confirmed cases, as well as fatalities.
COPAN specializes in infectious disease diagnostics, including the development of specimen collection kits. As the pandemic continues to gain momentum in the US, these kits have been turned toward COVID-19 testing efforts.
See also: The UK's coronavirus tracing app: everything you need to know
The company is currently producing several thousand kits per week. With Apple's $10 million grant and a move to a larger production facility in California, it is hoped that COPAN can ramp up production to up to one million kits every week.
The iPad and iPhone maker added that production will be boosted further in the new facility with "advanced equipment that Apple is helping design." Apple is also sourcing equipment and material on COPAN's behalf.
CNET: Facebook says fake accounts used coronavirus content to attract followers
The $10 million grant has come from Apple's Advanced Manufacturing Fund, previously used for investments in glass production, lasers, and aluminum manufacturing.
"We feel a deep sense of responsibility to do everything we can to help medical workers, patients, and communities support the global response to COVID-19," said Jeff Williams, Apple's COO. "COPAN is one of the world's most innovative manufacturers of sample collection kits for COVID-19 testing, and we're thrilled to partner with them so they can expand as we work to address this critical issue for our nation."
TechRepublic: Facebook says fake accounts used coronavirus content to attract followers
Apple has donated millions of dollars to coronavirus relief efforts and has distributed close to 10 million face shields to healthcare providers. The company is also working with Google to develop decentralized contact-tracing technology for mobile applications.
Reassessing AI Investments: What The Correction In US Megacap Tech Stocks Signals
The recent correction in US megacap tech stocks, including giants like Nvidia, Tesla, Meta, and Alphabet, has sent rippl... Read more
AI Hype Meets Reality: Assessing The Impact Of Stock Declines On Future Tech Investments
Recent declines in the stock prices of major tech companies such as Nvidia, Tesla, Meta, and Alphabet have highlighted a... Read more
Technology Sector Fuels U.S. Economic Growth In Q2
The technology sector played a pivotal role in accelerating America's economic growth in the second quarter of 2024.The ... Read more
Tech Start-Ups Advised To Guard Against Foreign Investment Risks
The US National Counterintelligence and Security Center (NCSC) has advised American tech start-ups to be wary of foreign... Read more
Global IT Outage Threatens To Cost Insurers Billions
Largest disruption since 2017’s NotPetya malware attack highlights vulnerabilities.A recent global IT outage has cause... Read more
Global IT Outage Disrupts Airlines, Financial Services, And Media Groups
On Friday morning, a major IT outage caused widespread disruption across various sectors, including airlines, financial ... Read more