Corning Incorporated, known for its Gorilla Glass made two announcements today with respect to Samsung. Corning has renewed its agreement with Samsung Corning Precision Materials (SCP) and the AMLCD division of Samsung Electronics (SEC) for five more years. Corning renewed its technology license agreement with SCP whereas renewed its long term supply commitment to SEC.
Meanwhile, Corning also entered into an agreement with Samsung Mobile Display (SMD) to manufacture glass substrates for OLED devices. The new business will be situated in South Korea and will develop products and solutions for OLED technology used in mobile devices to TVs. The venture will also supply OLED backplane glass substrates.