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Corning Opens 2nd Gen 10.5 Glass Substrate Facility In China
Corning 2nd Gen 10.5 glass fab and its 6th class facility in the country is co-located with BOE’s Gen 10.5 fab to allow for direct carriage of the substrates to the production facility without intermediate transport. The sheets are 2,940mm x 3,370mm, which is 9.9078m2 or 106.65 ft2, which makes them extremely efficient when producing large size LCD TV panels as shown in the table below. Corning has been supplying Gen 10.5 substrate samples to the BOE Wuhan fab since January and completed its finishing operations last July. Corning’s other Gen 10.5 substrate plant in Hefei has been supplying BOE’s 1st Gen 10.5 fab since its opening in 2Q ’18. To compensate for the relatively poor glass efficiency usage of Gen 8.5 fabs for panels 65” and above they have taken to using MMG, which adds 2 additional but smaller panels to the substrate layout. Unless driven by exigent circumstances, panel makers BOE and CSoT do not produce 55” display on Gen 10.5 fabs.
Table 1: Panel Efficiency by Fab Size
Corning 2nd Gen 10.5 glass fab and its 6th class facility in the country is co-located with BOE’s Gen 10.5 fab to allow for direct carriage of the substrates to the production facility without intermediate transport. The sheets are 2,940mm x 3,370mm, which is 9.9078m2 or 106.65 ft2, which makes them extremely efficient when producing large size LCD TV panels as shown in the table below. Corning has been supplying Gen 10.5 substrate samples to the BOE Wuhan fab since January and completed its finishing operations last July. Corning’s other Gen 10.5 substrate plant in Hefei has been supplying BOE’s 1st Gen 10.5 fab since its opening in 2Q ’18. To compensate for the relatively poor glass efficiency usage of Gen 8.5 fabs for panels 65” and above they have taken to using MMG, which adds 2 additional but smaller panels to the substrate layout. Unless driven by exigent circumstances, panel makers BOE and CSoT do not produce 55” display on Gen 10.5 fabs.
Table 1: Panel Efficiency by Fab Size
The BOE fab, which is known as B13/17 was officially opened in September of 2019 but has been slow to develop mass production scale due to the COVID-19 outbreak, which closed the plant in February ‘20 for about a month. While the plant was able to reopen relatively quickly, many workers were either unable to or unwilling to return to what was the hotbed of the pandemic, which further slowed the production ramp. The fab, which has a fully built-out stated capacity of 120,000 sheets/month is capable of producing 2.88m 65” TVs per quarter (in theory, at 100% utilization and yield), although such a rate would entail the buildout of an additional phase 2 line, which we expect to be put into operation in 2Q next year.