{"id":327670,"date":"2023-09-04T10:55:24","date_gmt":"2023-09-04T10:55:24","guid":{"rendered":"https:\/\/www.mobileworldlive.com\/?p=379564"},"modified":"2023-09-04T10:55:24","modified_gmt":"2023-09-04T10:55:24","slug":"corning-to-invest-1-5b-in-south-korea","status":"publish","type":"post","link":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/2023\/09\/04\/corning-to-invest-1-5b-in-south-korea\/","title":{"rendered":"Corning to invest $1.5B in South Korea"},"content":{"rendered":"

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\tSpeciality screen company Corning reportedly detailed plans to invest $1.5 billion in South Korea to increase supply of numerous products including bendable glass used by Samsung for its foldable smartphones, building on a long-standing partnership between the two companies.<\/p>\n

Nikkei Asia reported the investment was announced by Corning CEO Wendell Weeks at an event marking 50 years since it built its first factory in the country in a joint venture with Samsung.<\/p>\n

During the ceremony, Samsung chair Lee Jae-Yong praised Corning for helping it become a global company, with the technology giant now heavily reliant on the company\u2019s ultra-thin glass technology for its foldable line.<\/p>\n

Details of the investment were sparse, other than it will be used to boost production in Corning\u2019s hub in the city of Asan located directly adjacent to a major Samsung display division facility.<\/p>\n

It appears the cash will be earmarked to boost supply of ultra-thin, bendable glass as Samsung moves to make foldable smartphones a major part of its portfolio.<\/p>\n

The vendor unveiled its next-generation [1] line-up in July, promoting its new Galaxy Z Fold5 and Galaxy Z Flip 5 on upgrades to screens and hinges, claiming improvements in durability over predecessors.<\/p>\n

Corning has more than 3,000 employees in South Korea.<\/p>\n

[1] https:\/\/www.mobileworldlive.com\/featured-content\/home-banner\/samsung-bolsters-foldable-range\/<\/p>\n\n

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Speciality screen company Corning reportedly detailed plans to invest $1.5 billion in South Korea to …<\/p>\n

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