Corning Inc - Company Profile
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Business Description
Corning Incorporated (Corning) is primarily engaged in the development of products that transform industries and enhance people's lives through its expertise in glass science, ceramic science, and optical physics.
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R&D Overview
Corning’s R&D arm works with researchers and drug manufacturers to drive innovation, increase efficiencies, reduce costs, and compress timelines. The company develops its products through an innovation model of research and development. Its R&D focuses on specialty glass, ceramics and optical physics to develop new technologies, methods and processes. As of December 2023, the company had 12,975 unexpired patents and 8,370 in-process patent applications worldwide and 2,130 in-process patent applications in the US. In 2023, the company had 520 granted patents in the US and over 1,510 patents in other countries. In FY2023, the company incurred expenses of US$1,047 million on R&D, which as a percentage of revenue, stood at 8.5%.
Business Segments
- Display Technologies
- Environmental Technologies
- Life Sciences
- Optical Communications
- Specialty Materials
- Hemlock and Emerging Growth Businesses
Overview
Develops, manufactures, and supplies glass substrates for liquid crystal displays, which are used widely in organic light-emitting diode (OLEDs) and LCD televisions, notebook computers, tablets, and flat panel desktop monitors. Also offers other high-performance display panels. Major brands include Corning EAGLE XG, Corning Astra and Corning Lotus. Operates display glass manufacturing facilities in South Korea, Japan, China and Taiwan.
Performance
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Overview
Provides ceramic substrates and filter products for diesel and automotive applications. Classifies product offerings into two categories: Automotive and other, and Diesel. Major brands include Corning FLORA, and Corning DuraTrap.
Performance
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Overview
Develops, manufactures and supplies plastic labware and glass; equipment and reagents for bio-production and drug discovery. Serves pharmaceutical and biotechnology companies, hospitals, government entities, academic institutions, and other research facilities. Classifies product offerings into two categories: Labware, and Cell culture products. The major brands include Corning, PYREX, Falcon and Axygen. Operates manufacturing facilities in California, Illinois, Maine, Massachusetts, New York, North Carolina, Utah and Virginia in the US, China, Mexico, France, Brazil and Poland.
Performance
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Overview
Provides offerings into two categories: Carrier Network and Enterprise Network. The Carrier Network group includes products and solutions for optical -based communications infrastructure. The Enterprise Network group includes products and solutions for optical-based communication networks. Operates optical fiber manufacturing facilities in China, North Carolina, the US, and India and cabling operations in Poland and North Carolina. Also operates hardware and equipment product manufacturing facilities in Texas in the US, Mexico, Brazil, Germany, Poland, and China.
Performance
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Overview
Manufactures products, which find use in more than 150 material formulations for glass, ceramics glass and fluoride crystals. Serves the commercial and industrial markets, including semiconductor optic components, display optics and components, aerospace and defense, astronomy, sunglasses, radiation shielding products, ophthalmic products, and telecommunications components. It offers Corning Gorilla Glass from brands include Gorilla, Victus, HPFS and ULE. Operates manufacturing facilities in the Newyork, US, France, China.
Performance
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Overview
Includes the operations of pharmaceutical technologies business, auto glass, new product lines, new development projects, and certain corporate investments. Classifies product offerings into two categories: Polycrystalline Silicon, and Other.
Performance
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Geographical Segments
Performance
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Performance
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Performance
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Performance
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