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Corning, Samsung venture targets OLED devices

Posted: 13 Feb 2012 ?? ?Print Version ?Bookmark and Share

Keywords:OLED? display market? equity venture?

Corning Inc. and Samsung Mobile Display Co. have announced an equity venture for the manufacture of specialty glass substrates for organic light emitting diode (OLED) devices. The business entity will be located in Korea, and is seen to capitalize on the expanding market for OLED displays.

According to a recent NPD DisplaySearch report, OLED technology advanced rapidly last year, setting a trend that is forecasted to continue through this decade. The market researchers estimated that OLED display revenues exceeded $4 billion last year (about four percent of flat panel display revenues), and will reach more than $20 billion (nearly 16 percent of the total display industry) by 2018.

Combining Corning's Lotus glass substrate technology and Samsung Mobile Display's OLED display expertise, the venture is set to provide product solutions for current and future OLED technologies, from handheld and IT devices to large TVs and beyond, the companies noted. It will also supply OLED backplane glass substrates for Samsung Mobile Display, as well as for the broader Korean market.

Samsung is playing a leading role in this emerging market through its Galaxy mobile device products and Super OLED TV technology, the company believed. Corning's ongoing advanced glass technology development includes a strong focus on high-performance displays. Most recently, this focus has been demonstrated through Corning's new Lotus Glass substrates that the company said deliver higher processing temperatures and improved dimensional stability needed to produce the new high performance displays.

- Christoph Hammerschmidt
??EE Times

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