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Corning: expanding Taiwan operations

12 November 1998: US-based glass and component maker Corning Inc. said it plans to expand its operations in Taiwan to meet sharply increasing demand for displays used in consumer products such as lapt…

12 November 1998: US-based glass and component maker Corning Inc. said it plans to expand its operations in Taiwan to meet sharply increasing demand for displays used in consumer products such as laptop computers and video cameras. The company said it expects worldwide demand to more than double by 2002 for the flat panel liquid crystal displays, or LCDs, and it believes Taiwan display manufacturers will capture a significant share of this projected growth. Taiwan produces half of the world“s PC monitors and over 30% of the world“s notebook computers, but imports nearly all of its flat panel displays from Japanese and Korean suppliers, Corning said. Numerous Taiwanese display manufacturers have, however, recently announced plans to add domestic LCD capacity, it said. Corning said its current forecasts suggest that Taiwan will capture a 10% share of the worldwide LCD display market by 2002. Corning has increased its sales and engineering staff in Taipei and will begin storing products in Taiwan in 1999.

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