From today, Corning has taken full control of a joint venture with Samsung (it owns 43% of the business) – Samsung Corning Precision Materials. In exchange, the Korean company will receive a package of preferred shares in the amount of $ 1.9 billion in the most Corning, which are equal to approximately 7.4% of all shares. The company also agreed to a deal under which Corning will participate in the production of displays Samsung until 2023.
[quote]The famous glass Gorilla Glass made by Corning and is used in most smartphones and tablets, including the Samsung, Apple, HTC and Motorola.[/quote]