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Corning Expands Gen 10.5 Glass Production in China
Corning is expanding production at its 10.5G LCD glass substrate plants in China to meet strong demand for IT and TV applications. Corning said demand for large-size TVs remains robust, with 75-inch TV sales growing more than 60% in 2020. Corning said 10.5G glass offers the best efficiency in producing large-size TV applications, and its 10.5G lines in Wuhan and Guangzhou in China are expanding production to meet clients' needed. In Corning's Display Technologies, fourth-quarter sales were US$841 million, up 2% sequentially and 6% on year, and net income was US$217 million, up 11% sequentially and 21% on year. Corning said its glass volume grew by a low-single digit percentage sequentially, and sequential price declines were very moderate, as expected.
Corning is expanding production at its 10.5G LCD glass substrate plants in China to meet strong demand for IT and TV applications. Corning said demand for large-size TVs remains robust, with 75-inch TV sales growing more than 60% in 2020. Corning said 10.5G glass offers the best efficiency in producing large-size TV applications, and its 10.5G lines in Wuhan and Guangzhou in China are expanding production to meet clients' needed. In Corning's Display Technologies, fourth-quarter sales were US$841 million, up 2% sequentially and 6% on year, and net income was US$217 million, up 11% sequentially and 21% on year. Corning said its glass volume grew by a low-single digit percentage sequentially, and sequential price declines were very moderate, as expected.
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