All articles tagged with #corning
Corning CEO Wendell Weeks recounted how Steve Jobs challenged him to produce the first iPhone screens, pushing him to overcome fears and take a significant risk, which led to the successful development of Gorilla Glass and a lasting partnership with Apple that continues to evolve with a $2.5 billion investment in U.S. manufacturing.
Apple CEO Tim Cook discussed the iPhone Air's impressive battery life, highlighting its internal engineering and eSIM-only design, during a visit to Corning's factory. He also announced Apple's significant investment in domestic manufacturing, including transforming the Harrodsburg factory into a dedicated glass producer for Apple products, as part of the company's broader 'American Manufacturing Program.'
Apple is investing $2.5 billion in Corning's Kentucky plant to make it the exclusive producer of cover glass for all iPhones and Apple Watches, with plans to triple capacity and increase workforce, strengthening U.S. manufacturing and community ties.
Corning Inc., a 173-year-old glass company, has evolved from producing glass for Edison's lightbulb to becoming a key player in Silicon Valley, known for innovations like Gorilla Glass and optical fiber. Under CEO Wendell Weeks, Corning has navigated challenges like the dotcom crash and is now focusing on next-generation optical fibers to support AI and data centers. The company's adaptability and commitment to innovation have solidified its partnerships with tech giants and its position in the market.
The upcoming iPhone 17 is rumored to feature a new scratch-resistant and anti-reflective display, surpassing the current Ceramic Shield technology. The new display is said to be more resistant to scratches and reflections, potentially matching the properties of Samsung's Gorilla Glass Armor. It's unclear whether Apple will adopt this technology from Corning, a long-time supplier, or develop an equivalent in-house. Apple's investment in Corning's glass processes has led to the creation of Ceramic Shield, and the company has a history of using Corning's Gorilla Glass in its products.
Corning's new Gorilla Armor, featured on the Galaxy S24 Ultra, offers improved drop and scratch resistance as well as an antireflective design, making it a significant upgrade in smartphone glass technology. Despite its durability, the future availability of Gorilla Armor on other devices remains uncertain. In other tech news, Google releases the March 2024 Feature Drop for Pixel devices, Tidal slashes its Hi-Fi audio subscription price in half, and Google One now includes Fitbit Premium and Nest Aware.
Samsung's new Galaxy S24 Ultra features Corning's latest Gorilla Armor, a material that is 75% less reflective and four times more scratch-resistant than typical glass. The Gorilla Armor is exclusive to the premium Galaxy S24 Ultra and is made of 25% pre-consumer recycled content. It also enhances visibility in direct sunlight and is expected to make the phone more durable. The flagship smartphone also boasts a 200MP primary camera, advanced zoom capabilities, a new Snapdragon chip, and various AI features.
Corning has announced its latest display cover, Gorilla Armor, which debuts on the Galaxy S24 Ultra. The new panel offers increased durability, reduced reflection, improved scratch resistance, and enhanced optics. Made from 25% pre-consumer recycled content, it aims to provide better clarity for the AMOLED display. The Galaxy S24 Ultra is available for pre-order and is set to be released by the end of January.
Samsung and Corning have announced that the new Galaxy S24 Ultra will feature Corning's Gorilla Armor cover material, offering unprecedented durability and enhanced visual clarity. The new cover material reduces reflection by up to 75%, enhances display readability, and provides greater protection against daily wear. It also demonstrated superior scratch resistance in lab tests and contains an average of 25% pre-consumer recycled content. This collaboration continues a longstanding partnership between Samsung and Corning, dedicated to creating innovative products for the mobile consumer electronics industry.
CNBC's Jim Cramer provided his insights on several stocks during his Lightning Round segment. He recommended buying Merck, stating that the company is performing well. Cramer suggested holding onto Texas Instruments, but cautioned that the company's industrial sector is struggling. He also advised buying Vertiv and Algonquin Power & Utilities, while expressing disappointment in Corning's recent quarter.
Coinbase shares fell 7.8% after the CFTC filed a complaint against Binance, while First Citizens BancShares soared 53.74% after agreeing to buy Silicon Valley Bank's deposits and loans. Regional bank stocks, including First Republic and PacWest, rose on reports of government support and slowed deposit outflows. Roku shares jumped over 4.7% after an upgrade by Susquehanna, while Carnival shed 4.77% despite beating earnings expectations. Corning advanced 1.52% after getting an upgrade at Deutsche Bank.
First Citizens Bank surged 24% in premarket trading after agreeing to purchase $72B in assets from Silicon Valley Bank at a 23% discount. Morgan Stanley issued an upbeat comment on Walmart ahead of an Investor Day event in April. BioNTech expects €5B in sales from its COVID vaccine this year. Corning received a Buy rating from Deutsche Bank, which predicts that 1Q23 will mark the bottom for revenue and earnings.