What They Say
Yesterday we reported information from ‘The Elec’ in Korea that Corning was planning to expand its TV glass capacity in China. We were contacted later by Bob O’Brien of DSCC, who told us:
While technically correct, the article is misleading. Corning did not announce any new expansions in Gen 10.5, but since operations for both the Guangzhou and Wuhan LCD glass manufacturing facilities got underway in 2020, they will continue to expand production in 2021 as the client fabs ramp.
He also pointed out that the 20% boost in sales next year was for all of Corning’s business, and not just displays, as the firm doesn’t provide guidance at the business unit level.
What We Think
Thanks to Bob for correcting the information. (BR)
