MAPLEWOOD, Minn., Nov. 12 -- 3M Co. announced today it has agreed to pay $850 million in cash for Corning Precision Lens Inc., the largest worldwide manufacturer of lens systems for rear-projection televisions. Corning Precision Lens, based in Cincinnati, is a wholly-owned subsidiary of Corning Inc., based in Corning., N.Y. 3M said it believes display components represent a multibillion-dollar growth industry. Digital videodiscs, or DVDS, and high-definition televisions are driving the growth in this industry as more consumers purchase large-screen, rear-projection TVs for home theaters, the...Read full articleRelated content from Photonics MediaArticlesTeam Engineers Visible Wavelength Metalenses for Mass ProductionResearchers at Pohang University of Science and Technology (POSTECH) have demonstrated the mass production of metalenses for visible light wavelengths on a wafer scale. 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