Corning Completes Acquisition of Samsung Electronics' Fiber Optics Business

Corning Incorporated (NYSE: GLW) announced today that it has completed the previously announced acquisition of Samsung Electronics Co., Ltd.'s fiber optics business.

Samsung Electronics is a trusted provider of optical fiber, cable, and connectivity for customers in South Korea, China, and Southeast Asia. Corning will integrate Samsung Electronics' fiber optics business, with manufacturing facilities in Gumi, South Korea, and in Hainan, China, into the Corning Optical Communications business segment. The acquisition augments Corning's market access and enhances its broad portfolio of optical communications products in Asia.

"We welcome Samsung Electronics' talented team to Corning, and together we look forward to expanding Corning's global presence to better meet customer needs for innovative fiber optic solutions," said Clark S. Kinlin, executive vice president, Corning Optical Communications. "We are enthusiastic about the opportunities this operation provides in Korea and throughout Southeast Asia."

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