Corning Inc said it would buy out Samsung Display's stake in their LCD glass joint venture in a deal that could see the Samsung Electronics Co Ltd subsidiary take a 7.4% share in the Gorilla Glass maker.
The deal includes a new 10-year LCD display glass supply agreement between Corning and Samsung Display — which makes LCD panels for tablets and televisions — that will add about US$2bil (RM6.3bil) to Corning's annual sales.
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