Corning to inaugurate Taiwan R&D center

Corning Inc., the world“s largest supplier of glass substrates for thin film transistor-liquid crystal display (TFT-LCD) panels, is scheduled to open an R&D center in Taiwan in March 2006.
The Taiwa…

Corning Inc., the world“s largest supplier of glass substrates for thin film transistor-liquid crystal display (TFT-LCD) panels, is scheduled to open an R&D center in Taiwan in March 2006. The Taiwan R&D center will be Corning“s fourth in the world, next to the ones in the US, Europe and Japan. As well as glass substrates, the Taiwan center will also carry out research for products such as solar cells, regenerated energies, opto-communication, and catalytic converters. The center will be located in Hsinchu in northern Taiwan, the most mature high-tech industry cluster on the island. Industry sources noted that Corning had planned to set up the R&D center in Taiwan many years ago, but the project was delayed by an intellectual-property infringement lawsuit involving Picvue Electronics Ltd., which settled with Corning in 2005. Corning accounts for over 50% of the global glass substrate market, and the company is also an international player in opto-communication, automotive, and renewable energy sectors. The new R&D center is expected to enliven the development of Taiwan-related lines. Corning has been actively investing in Taiwan. The company inaugurated a new glass substrate plant on 11 January 2006 in Central Taiwan Science Park (CTSP) at a total cost of USD 1.5 billion, the most expensive single plant in the firm“s 30-year history.