Corning Precision Glass Solutions and SCH Electronics to Provide Semiconductor Glass Carriers in China

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Corning Precision Glass Solutions and SCH Electronics Provide Semiconductor Glass Carriers in China

PGS and SCH Provide Semiconductor Glass Carriers

Advanced Optics
Corning pursues opportunities with advanced packaging customers in Asia
Corning pursues opportunities with advanced packaging customers in Asia
Corning, N.Y. | Corning Incorporated | November 30, 2018

CORNING, N.Y. — Corning Incorporated (NYSE: GLW) and SCH Electronics (Shanghai) Co. announced today they have signed a sales agency agreement focused on semiconductor glass carriers in China. This agreement will connect potential customers in China to Corning’s glass carrier products and help expand Corning’s presence in this fast-growing market.

Corning’s semiconductor glass carriers are used for temporary bonding in advanced semiconductor packaging applications such as silicon thinning and fan-out packaging. These processes are key to producing smaller, faster computer chips for consumer electronics, automobiles, and other connected devices.

SCH Electronics delivers semiconductor components and provides technical expertise to support a seamless supply of materials, instruments, and engineering for the most sophisticated tech fabs in the world. SCH Electronics has business operations in Taiwan, China, and Singapore, and has established a network of customers throughout the Asia Pacific region over decades.

“We’re excited to work with SCH to better support customers in China as they join the industry trend of increased glass adoption,” said Dave Velasquez, division vice president and general manager of Corning Precision Glass Solutions.

“Corning has delivered glass-based solutions in high volumes to top-tier semiconductor customers globally for years, and SCH is well-established in China’s electronics supply chain. Together, we expect to greatly expand the reach of our high-quality glass products at cutting-edge semiconductor companies,” Velasquez said.

Leading chipmakers today are challenged with minimizing in-process warp to maximize their yield of working chips per batch. To do so, they must identify an ideal coefficient of thermal expansion (CTE) for their carrier substrate. Corning glass carriers are available in a wide range of CTEs with quick sampling of small quantities possible to support these customers.

Corning glass carriers are one of several products in Corning’s portfolio of Precision Glass Solutions designed to address the emerging need for glass across microelectronics. This portfolio provides customers with a one-stop shop for world-class capabilities including proprietary glass and ceramic manufacturing platforms, finishing processes, bonding technologies, best-in-class metrology, automated laser-glass-processing, and optical design expertise.

Learn more about Corning Precision Glass Solutions here:
http://www.corning.com/precision-glass-solutions

Caution Concerning Forward-Looking Statements

This press release contains “forward-looking statements” (within the meaning of the Private Securities Litigation Reform Act of 1995), which are based on current expectations and assumptions about Corning’s financial results and business operations, that involve substantial risks and uncertainties that could cause actual results to differ materially. These risks and uncertainties include: the effects of acquisitions, dispositions and other similar transactions by the Company, the effect of global business, financial, economic and political conditions; tariffs and import duties; currency fluctuations between the U.S. dollar and other currencies, primarily the Japanese yen, New Taiwan dollar, euro, Chinese yuan, and South Korean won; product demand and industry capacity; competitive products and pricing; availability and costs of critical components and materials; new product development and commercialization; order activity and demand from major customers; the amount and timing of our cash flows and earnings and other conditions, which may affect our ability to pay our quarterly dividend at the planned level or to repurchase shares at planned levels; possible disruption in commercial activities due to terrorist activity, cyber-attack, armed conflict, political or financial instability, natural disasters, or major health concerns; unanticipated disruption to equipment, facilities, IT systems or operations; effect of regulatory and legal developments; ability to pace capital spending to anticipated levels of customer demand; rate of technology change; ability to enforce patents and protect intellectual property and trade secrets; adverse litigation; product and components performance issues; retention of key personnel; customer ability, most notably in the Display Technologies segment, to maintain profitable operations and obtain financing to fund their ongoing operations and manufacturing expansions and pay their receivables when due; loss of significant customers; changes in tax laws and regulations including the Tax Cuts and Jobs Act of 2017; and the potential impact of legislation, government regulations, and other government action and investigations.

For a complete listing of risks and other factors, please reference the risk factors and forward-looking statements described in our annual reports on Form 10-K and quarterly reports on Form 10-Q. Forward-looking statements speak only as of the day that they are made, and Corning undertakes no obligation to update them in light of new information or future events.

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About SCH Electronics (Shanghai) Co.
Founded in 1987, SCH Electronics has retained a leadership position in materials supply and technical support for the most sophisticated technology providers in the Asia Pacific region. After decades of effort, SCHE has developed multiple business functions in semiconductor manufacturing. SCHE delivers worldwide spare parts such as filtration, perfluorelastomer o-rings, and leading semiconductor instruments such as flow controllers. SCHE provides technical expertise/analysis and reverse engineering capability in its machining shop. SCHE now has business operations in Taiwan, China, and Singapore. Today, the most advanced technology and material suppliers rely on SCHE's network throughout Asia Pacific to support and maintain a seamless supply to the most sophisticated technology fabs in the world.

About Corning Incorporated

Corning (www.corning.com) is one of the world's leading innovators in materials science, with a more than 165-year track record of life-changing inventions. Corning applies its unparalleled expertise in glass science, ceramic science, and optical physics along with its deep manufacturing and engineering capabilities to develop category-defining products that transform industries and enhance people's lives. Corning succeeds through sustained investment in RD&E, a unique combination of material and process innovation, and deep, trust-based relationships with customers who are global leaders in their industries.

Corning's capabilities are versatile and synergistic, which allows the company to evolve to meet changing market needs, while also helping our customers capture new opportunities in dynamic industries. Today, Corning's markets include optical communications, mobile consumer electronics, display technology, automotive, and life sciences vessels. Corning's industry-leading products include damage-resistant cover glass for mobile devices; precision glass for advanced displays; optical fiber, wireless technologies, and connectivity solutions for state-of-the-art communications networks; trusted products to accelerate drug discovery and delivery; and clean-air technologies for cars and trucks.