February 3, 2012 – BUSINESS WIRE — Corning Incorporated (NYSE:GLW) and Samsung Mobile Display Co. Ltd. will establish a new equity venture for the manufacture of specialty glass substrates for organic light emitting diode (OLED) devices. The new business will be located in Korea.
The entity combines Corning’s Lotus Glass substrate technology and Samsung Mobile Display’s OLED display expertise to meet the OLED needs for handheld and IT devices, large TVs, and other applications. It will supply OLED backplane glass substrates for Samsung Mobile Display, as well as for the broader Korean market. Corning’s Lotus Glass substrates deliver the higher processing temperatures and improved dimensional stability needed to produce next-generation high-performance displays.
Samsung uses OLED technology in its Galaxy mobile device products and Super OLED TVs.
Corning and Samsung have partnered in the display industry for almost 40 years, noted Wendell P. Weeks, Corning’s chairman, chief executive officer, and president. The parent companies Corning and Samsung recently renewed major agreements related to LCD glass substrates.
Samsung Mobile Display Co., Ltd. (SMD) was established in January 2009 as a core Samsung company that provides cutting-edge display solutions. With highly advanced technological capabilities, SMD offers a comprehensive range of displays including those featuring AMOLED (Active Matrix Organic Light Emitting Diode) and LCD technologies.
SMD has become a global leader in visual technology and its state-of-the-art AMOLED displays are being widely applied to smartphones, digital cameras, gaming devices and media players.
As a total solution provider, SMD strives to advance the future with next-generation technologies including flexible, foldable and transparent displays. Recognized as a catalyst for visual innovation, SMD continually works to change how we view our world.
For more information about Samsung Mobile Display, visit www.samsungsmd.com.