Order the just-launched Galaxy Fold7, Flip7, or Watch8 Classic – New deal Galaxy S25 Ultra
Last updated: April 5th, 2021 at 15:55 UTC+02:00
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Meanwhile, 35 million of Samsung Display's common shares will be repurchased by Corning, giving Samsung Display an ownership stake of around 9%. This transaction is expected to immediately increase Corning's EPS (Earnings Per Share). The initial transaction is said to conclude later this month.
From the early days of CRT, to LCD, to more recent collaborations on OLED, QD Display, and flexible displays, we’re proud to be the key material innovation partner to Samsung, claimed Corning chairman and CEO Wendell P. Weeks. And indeed, Corning and Samsung have been working on a wide variety of products including UTG (Ultra-Thin Glass) for foldable devices.
Samsung Display has been a Corning investor since 2014. The two companies have signed on a series of strategic and financial agreements that led to Corning gaining full ownership of Samsung Corning Precision Materials, the same company that was reportedly looking to sell is LCD production plant in Asan last year due to low production.
Mihai is a blogger and column writer at SamMobile. His first Samsung phone was an A800 which took a lot of beating, and a part of him still misses the novelty of the clamshell design. In his free time, he enjoys watching shows, documentaries, and stand-up comedy; listening to music, taking walks, and occasionally playing old(er) video games.
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