Search Menu
Photonics Media Photonics Buyers' Guide Photonics Spectra BioPhotonics EuroPhotonics Vision Spectra Photonics Showcase Photonics ProdSpec Photonics Handbook
More News

Corning to Acquire Fiber Optics Business from Samsung

Facebook Twitter LinkedIn Email Comments
CORNING, N.Y., Dec. 3, 2014 — Looking to expand its presence in Asia, Corning Inc. plans acquire Samsung Electronics Co.’s fiber optics business early next year.

The deal is subject to regulatory approval; the price was not disclosed. Involved in the transaction are Samsung manufacturing facilities in Gumi, South Korea, and Hainan, China.

“We are very excited about the growth opportunities in Korea and the emerging economies in Southeast Asia,” said Clark S. Kinlin, executive vice president of Corning Optical Communications.

In January Corning took full ownership of the joint venture Samsung Corning Precision Materials, which makes glass products used in displays. Corning gave Samsung Display Co. the equivalent of $1.9 billion in shares as consideration, while Samsung Display bought $400 million worth of Corning shares.

For more information, visit
Dec 2014
BusinessAmericasAsia-PacificNew YorkSouth KoreaCorningSamsungfiber opticsDisplays

back to top
Facebook Twitter Instagram LinkedIn YouTube RSS
©2019 Photonics Media, 100 West St., Pittsfield, MA, 01201 USA,

Photonics Media, Laurin Publishing
x We deliver – right to your inbox. Subscribe FREE to our newsletters.
We use cookies to improve user experience and analyze our website traffic as stated in our Privacy Policy. By using this website, you agree to the use of cookies unless you have disabled them.