Deal with Gorilla Glass maker Corning could give Samsung head-start in new display technology
Samsung could see itself getting priority access to new glass technologies after taking a 7.4 percent stake in Gorilla Glass maker Corning and simultaneously signing a 10-year supply agreement.
The net effect of a complex series of share swaps and cash investments, allied to a long-term procurement commitment from Samsung, is a $2B deal that will enable Corning to boost its R&D investment, accelerating the pace of development of new types of display.
With closer cooperation between the two companies, Samsung may prove well positioned to gain access to those new technologies ahead of the rest of the market …
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