Related News

[The stream is slated to start at 2:00 p.m. ET. Please refresh the page if you do not see a player above at that time.] Nvidia CEO Jensen Huang will

Benchmark general partner Bill Gurley on Monday said the artificial intelligence wave is real and a lot of people got rich quick, but he expects a “reset” to come. “When

In an aerial view, a billboard advertising an artificial intelligence (AI) company is posted on Sept. 16, 2025 in San Francisco, California. Justin Sullivan | Getty Images Meta has signed

An AI-generated representative image Union environment minister Bhupender Yadav said on Saturday that scientists from the Zoological Survey of India (ZSI) have discovered two previously unknown species of lichen moths.In

The discovery that an ordinary potato can become an effective energy source after a little tweaking was made by researchers at The Hebrew University of Jerusalem, who conducted a study

Travis Kalanick, chief executive officer of City Storage Systems (CSS) during the Future Investment Initiative (FII) Institute Priority conference in Miami, Florida, US, on Friday, Feb. 21, 2025. Zak Bennett

Trending News

In today’s digital age, the opportunity to make money online without any initial investment is more accessible than ever before. Whether you’re a student looking to earn some pocket money,

In today’s digital world, make money online has become a dream many want to turn into reality. Whether you’re looking for a side hustle or aiming to build a full-time

JSW Cement, the building materials arm of Sajjan Jindal-led JSW Group, has reduced the size of its upcoming initial public offering (IPO) to Rs 3,600 crore and will open the

The agricultural Gross Value Added (GVA) growth is expected to moderate to 4.5% in the first quarter of FY26, down from 5.4% in the preceding quarter, according to a report

Foreign portfolio investors (FPIs) turned net sellers in the Indian equity market in July, pulling out Rs 17,741 crore amid rising global trade tensions. According to data from NSDL, this

Avenue Capital Group-backed Asset Reconstruction Company (India) Ltd (ARCIL) has filed its draft red herring prospectus (DRHP) with markets regulator Sebi on Friday to raise funds through an initial public

US phone glass maker Corning expands tie-up with Optiemus

Word Count: 655 | Estimated Reading Time: 4 minutes


US phone glass maker Corning expands tie-up with Optiemus

NEW DELHI: Top American specialty glass and technology company Corning is expanding its business in India as it ties up with local contract manufacturer Optiemus through a trademark and licensing agreement for screen protectors.The company is also close to starting production of finished cover glass for smartphones in India in a Rs 1,000-crore JV also with Optiemus. The factory is likely to begin production in Dec this year. This will be the first time it will directly supply finished cover glass from India rather than importing it. The customers for the cover glass are likely to include companies, such as Apple, Samsung, and the Chinese makers, who account for a majority of smartphone sales in the country.Ashok Gupta, chairman of Optiemus Infra, said the company will import glass sheets into India for tempered glass and these will be sold in the country under the Rhinotech brand after processing as per Corning’s techniques and mandates. The domestic market for tempered glass screen protectors is expected to see annual sales of 400 million pieces this year with an estimated retail value of Rs 20,000 crore. Most of these are currently sold through the unorganised sector after imports from China and Vietnam.Sudhir Pillai, MD of Corning in India, said the screen protectors will carry the ‘Engineered by Corning’ trademark. “We believe that this development will support India’s growing need for providing screen protectors for the mobile consumer electronics industry.”Sources said govt is concerned over import of “low quality but high revenue” tempered glass into India. “BIS standards for setting quality standards for screen protectors have been announced and will need to be implemented over next few months. This will lead to higher production of tempered glass in India, which is critical as its volumes and turnover have been going up each year,” a senior official at IT ministry said.





Source link

Most Popular Articles