Corning has announced that it is expanding the production of its Generation 10.5 liquid crystal display (LCD) in China. The move arrives after high demand for TVs and other IT products.
According to the report, the company stated that the healthy demand for TVs and other products have caused them to see high demand, especially for large-sized TVs. Over the last year, the demand for 75 inch TVs grew by over 60 percent in comparison to 2019.
At the moment, Gen 10.5 has had the best production efficiency for large TV substrates. So, the company aims on expanding production at its Guangzhou and Wuhan plants in China.
Moreover, Corning also has plants of 8.5 Gen in Beijing and Chongqing. Tony Tripeny, the company’s CEO, stated that Corning is expecting sales of 3 billion US Dollars to 3.2 billion US Dollars within just the first quarter of this year. This mark an increase of over 20 percent year on year in comparison to 2020, which had it register 2.5 billion US Dollars in sales. Similarly, other display makers are also pushing towards raising production capacity in the region as well.