Samsung buys stake in Gorilla Glass maker Corning to secure supply till 2023


Through a few preferred share swaps and additional financing, Samsung is acquiring a stake in the maker of the thin and durable Gorilla Glass. Corning issued a press release that the total investment will hit $1.9 billion after the interest in Samsung Corning Precision Materials joint venture is redeemed, plus $400 million in additional financing, for a total of 7.4% ownership in the company. 

Corning's shares have been on a meteoric rise recently, as everyone started using its glass, and there are even rumors circulated yesterday that Apple will have its two upcoming TV sets equipped with LG display panels, and covered in Gorilla Glass 3, so Samsung is securing its long-term usage here, not to mention it might want to have dibs on the flexible Willow Glass for bendy phones, too. 

Long term in this case means ten years, until 2023, but Corning is also hoping to get access to some of Samsung's know-how, to further improve on his products, too. Needless to say, Corning's shares jumped almost 30% after hours when the news broke.


source: Corning

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10 Comments

1. woodshop20

Posts: 459; Member since: Sep 14, 2013

Why are they still doing this when they are so keen on flexible displays? Please, Samsung, release a curved phone that isn't gimmicky and useless.

2. tech2

Posts: 3487; Member since: Oct 26, 2012

Flexible displays will be most likely be for flagships due to demand in the coming year. And if their phones were that 'useless' they wouldn't sell millions of them. They are not gonna change something which has seen so much success just because a random troll on a tech website says so. If you hate Samsung so much, why are u first to comment on Samsung's post almost always, if not everytime ? Stop trolling all Samsung articles if you hate them so much BTW, you can voice your concerns on Samsung's facebook/twitter page. No need to troll PA as I highly doubt they can hear you from here.

3. woodshop20

Posts: 459; Member since: Sep 14, 2013

I never said Samsung's phones were gimmicky. I said their GALAXY ROUND was gimmicky and useless. Please read more carefully next time. And I do believe that LG's Flex is also gimmicky, albeit slightly more aesthetically pleasing.

5. joey_sfb

Posts: 6794; Member since: Mar 29, 2012

Rubbish! Round is beautiful and functional. Have you actually see how it turn on the screen without the need to press the power button of the phone.

8. g2a5b0e unregistered

I'm sure you've had more than enough time testing your Galaxy Round to be able to tell us this, correct?

9. joey_sfb

Posts: 6794; Member since: Mar 29, 2012

http://www.youtube.com/watch?v=UIEExKSjWi4&noredirect=1 That's cool.. Some how i like button less function.

10. g2a5b0e unregistered

I've seen it. The Note 2 & S4 actually have this feature too. It's called Quick Glance. However, for those phones you simply wave your hand over the device while it's laying flat.

6. Finalflash

Posts: 4063; Member since: Jul 23, 2013

Seeing as how flexible displays can also be used with Gorilla Glass, this shouldn't be a problem really. The glass sits on top of the OLED layer and so they will just be making their flexible screens with Gorilla glass as they do with their current phones now.

4. itsdeepak4u2000

Posts: 3718; Member since: Nov 03, 2012

Good move Sammy.. That picture is really cool.

7. byazatt

Posts: 316; Member since: Oct 26, 2012

Good news.. I love what I saw in the next iteration of gorilla glass4. couple that with super amoled fhd and I have an eye_gasm

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