Featured Articles

Apple iPad Air 2 costs $275 to build

Apple iPad Air 2 costs $275 to build

IHS has told Recode that the Apple iPad Air 2 16GB Wifi costs only $275 to build -- not bad…

More...
LG sells 16.8 million smartphones in Q3 14

LG sells 16.8 million smartphones in Q3 14

As Samsung is losing market share, another Korean company, which many had written off, is gaining.

More...
LG G Watch R EU price set at €299

LG G Watch R EU price set at €299

LG G Watch R is probably the best looking Android Wear device on the market and many have been waiting for…

More...
Nvidia GTX 970 SLI tested

Nvidia GTX 970 SLI tested

Nvidia recently released two new graphics cards based on its latest Maxwell GPU architecture, with exceptional performance-per-watt. The Geforce GTX 970…

More...
Gainward GTX 970 Phantom previewed

Gainward GTX 970 Phantom previewed

Nvidia has released two new graphics cards based on its latest Maxwell GPU architecture. The Geforce GTX 970 and Geforce GTX…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Friday, 07 March 2014 08:56

Corning to set up shop in South Korea

Written by Fudzilla staff



Samsung can't get enough Gorilla Glass

Corning is planning to transfer production of certain Gorilla Glass products from Japan to South Korea. Corning currently makes Gorilla Glass in Japan and it is planning to transfer production to Asan, South Korea. If all goes according to plan, parts of the Japan facility could be closed by June 2015.

The decision does not come as a surprise, as the New York based glass maker struck a deal with Samsung Display last year. It also acquired Samsung Corning Precision Materials, which was a joint venture between the two companies.

Corning believes "annual synergies" coming from the acquisition of Samsung Corning Precision Materials will be around $100 million a year, possibly even higher down the road. Samsung will get somewhat cheaper glass, Corning will cut operating expenses.

A for workers at its current facility in Shizouka, Japan, it appears that many of them will be out of a job in a year or so. Corning said it is reviewing options available to employees and it says it will treat the employees with "dignity and respect."

Fudzilla staff

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments