Samsung and Corning, the manufacturer of ultra-resistant Gorilla glass, announced a new partnership to establish in China a manufacturing facility for LCD glass. A joint venture will be created in the months ahead to invest 600 $ million to build a production plant in Wuxi.
Corning and Samsung are longstanding partners and already have a joint venture called Samsung Corning Precision Materials, which manufactures LCD glass in Korea. This will slow down some of its production to be taken over by the Chinese factory. The new unit will provide manufacturing including Samsung to supply the Chinese market and neighboring countries.
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