Scalper1 News
Corning (GLW), the maker of “Gorilla Glass” used in Apple’s (AAPL) iPhone screens, has agreed to buy Samsung Electronics’ fiber-optics business. The acquisition will expand Corning’s business ties in Asia, the company said. Financial terms were not disclosed. “The transaction, which we believe adds an estimated $200 million to $220 million in annual sales to Corning’s top line, should help the company bulk up its Asian operations and should be Scalper1 News
Scalper1 News