Corning, the glass maker that presently supplies many other smartphone manufacturers including Apple with Gorilla Glass for its handsets, is operating on a bendable edition of the glass that can hit the shelves within two years. In a statement to the media, John Bayne (Corning general manager) claimed that the challenge was making a glass that is sufficiently thin to bend without giving up the resilience required to defend a screen.
In 2017 Apple claimed it was spending $200 Million in the firm to “support Corning’s capital equipment requirements, R&D, and state-of-the-art processing of the glass.” Patents filed by Apple recommend that it is already looking in to the matter, while a report posted in 2018 stated that Apple can roll out a foldable handset by 2020.
Bayne’s statements come as 2 key Android handset makers have declared their first foldable handsets, the Huawei Mate X and the Samsung Galaxy Fold. On the other hand, both of these handsets employ plastic displays in order to attain their flexibility. Even though the Mate X’s display provided comparable responsiveness and friction to a glass screen, its capability of resisting scratches stays untested.
On a related note, Verizon Communications earlier claimed that it has decided to purchase optical fiber from none other than Corning for no less than $1.05 Billion for the period of upcoming three years. The move was made so that Verizon can improve its wireless carrier services as well as network infrastructure.
As per the agreement, Corning will trade equal to 12.4 Million miles length of optical fiber to Verizon every year between 2019 and 2020, with a least purchase promise of $1.05 Billion. This declaration sent shares of Corning to $27.21 up by up 2.5% in lunchtime deal. Verizon shares also elevated to $48.84 up by 3%.