In May 2021, Corning hosted an opening ceremony for its Gen 10.5 liquid crystal display (LCD) glass substrate manufacturing facility in the city of Wuhan in the Hubei Province, China. The facility is co-located with a BOE Technology Group Co. Ltd (BOE) plant. With the successful operation of the plant, and the easing of restrictions in the region, Corning commemorated this important step in building its presence in China and strengthening its relationship with an industry leader.
This high-volume manufacturing facility allows Corning to deliver Gen 10.5 glass substrates, measuring approximately 3 meters wide by 3 meters high, directly to BOE for its production of large-size display panels. Gen 10.5 glass provides the most economical cuts for 65- and 75-inch TVs, which are expected to drive display-glass market growth over the next several years. The market for large-size TVs, defined as 65-inch and larger, is projected to grow at a double-digit compounded annual growth rate though 2024.