Our glass substrates enable the thin, high-resolution, multi-function displays needed for the growing consumer electronics market. Corning is driving advanced glass display technology forward with solutions both scalable and durable.
Product or innovation highlights
Corning® Iris™ glass, which enables thinner displays while replacing plastic light-guide plates, earned the display-of-the-year award at SID 2016.
We created our third-generation, high-performance display glass substrate, Lotus™ NXT, to support high-resolution LCD and OLEDs with LTPS and Oxide backplanes. It offers the best-in-class glass dimensional stability, which is named “Total Pitch Variation”, in panel makers’ high-temperature manufacturing processes. In October 2015 Samsung Display announced that the company would use Lotus NXT glass for its line of low-temperature polysilicon (LTPS) organic light-emitting diode (OLED) panels.
Recent performance, outlook and market opportunities
In the third quarter of 2016, panel makers increased utilization to meet strong set maker demand in advance of the fourth-quarter peak retail season. As a result, glass market volume was up by a high-single digit percentage sequentially, above expectations. Corning’s LCD glass volume was up slightly more than the market due to customer mix. Price declines remained moderate, as expected.
The company expects panel maker utilization to remain high and for glass supply to remain tight in the fourth quarter. Sequentially, fourth-quarter volume is expected to be consistent to slightly down, in line with the glass market, as the company’s full-year outlook has not changed.