Corning ties up with Noida co to make smartphone glass
NEW DELHI: Corning, the world's biggest specialty glassmaker for electronics and a top global supplier to companies such as Apple, Samsung, Xiaomi, Vivo, and Oppo, is coming to India with its core business.Corning has entered into a joint venture for finished cover glass making with Noida-based Optiemus Infra, and the two companies are understood to be investing around Rs 1,000 crore in the initial phase for setting up a factory in Telangana. Glass, a key component in the manufacturing of smartphones as well as other products such as laptops, tablets, and watches, is currently imported to India.According to the agreement between the two companies, Optiemus - which is a key telecommunications and electronics contract manufacturer - will have 70% stake in the JV, while Corning will own the ...