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This is the Glass AgeHow glass is shaping the future of the display industry
John Zhang
Corporate Vice President and General Manager
Corning Display Technologies
May 22, 2017
Display Technologies 2.
© 2017 Corning Incorporated ..
GLASS ENVELOPEHEAT-RESISTANT
PYREX® GLASS
PROCESSES FOR MASS PRODUCING
THE TV BULBFIRST LOW-LOSS OPTICAL FIBER
CERAMIC SUBSTRATES FOR AUTOMOTIVE
CATALYTIC CONVERTERS
ACTIVE MATRIX LIQUID CRYSTAL DISPLAY (LCD)
GLASSCORNING® GORILLA®
GLASS
1879 1915 1947 1970 1972 1982 2007
EDISON’S LIGHT BULB
MODERN COOKING TV INTERNET MODERN AUTOINDUSTRY
FLATSCREEN TVS SMARTPHONE
Corning has a 165+ year history of delivering life-changing innovations…
1879 1947 1970 19821915 1972 2007
Display Technologies 3.
© 2017 Corning Incorporated ..
…including our role in advancement of the flat panel display industry
Fusion overflowprocess
Environmentally conscious
LCD glass –Corning EAGLE®
XG
Active matrix liquid crystal display (LCD) glass
Thin, lightweight cover glass -
Corning® Gorilla®
Glass
Ultra-slim, flexible glass
for thin and lightweight
applications
First EPA-registered
antimicrobial cover glass
1982
2007
1964
2003
2006
2003
AMLCD in TV
2010First Gen 10
substrate
Corning Lotus™ Glass
for OLED applications 20
11
Corning Lotus™ NXT Glass;
Corning Iris™ Glass
Corning® Gorilla® Glass SR+Corning® Gorilla® Glass 5Vibrant Corning® Gorilla®
Glass 2016
2012
2013
2015
Display Technologies 4.
© 2017 Corning Incorporated ..
FusionFusion
PrecisionForming
Extrusion
DisplayDisplay
Automotive
Life SciencesVessels
Manufacturing & Engineering Platforms4Core Technologies3 Market-Access Platforms5
VaporDeposition
OpticalCommunications
OpticalPhysics
CeramicScience
GlassScience
Our strategic framework reduces the cost of innovation and increases our likelihood of success
Mobile ConsumerElectronics
534
Display Technologies 5.
© 2017 Corning Incorporated ..
95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21
Display glass market is expected to continue to grow, driven by demand for large-size TV and new applications
Monitor
TV
Mobile PC
TV screen size expected to be the biggest driver of area growth from
2016-2021
Display Glass Market
LCD TVAuto Interiors
Mobile PC &Small Applications
Small / Medium / Other
6.5B ft2
5B ft25.4B ft2
Source: IHS, Corning analysis
Display Technologies 6.
© 2017 Corning Incorporated ..
Large-size TVs are more appealing and accessible to consumers than ever before, accelerating adoption
Note: 1. Average North America retail TV price, 2. High Dynamic Range
Form FactorForm Factor Higher ResolutionHigher Resolution
Slim design and lighter weight• Easy to install for either stand
type or wall-mount type• Less space consumptionNarrower bezels allow for bigger VA
More pixels and better image quality• HDR2 – Brighter whites & blacks• Wide color gamut• More frames per sec. – sharper
images with less blurring
Affordable PriceAffordable Price
Attractive retail price• Retail price decline by >10%
CAGR (2010-2016)
$362$651
$1,680
$161 $265$640
$1,568
32" 55"40" 65"
2010
2016
LCD TV avg. retail price1($)
$3,262
Source: NPD, Corning analysis
Display Technologies 7.
© 2017 Corning Incorporated ..
28 17 15 14 14 14 12
8066 61 61 58 56 51
59
6156 54 55 57 56
2736
39 44 47 50 50
10 31 39 43 4648 50
612 15 18
22 25 3038.3
43.0 44.445.2 46.0 46.5
47.4
0
5
10
15
20
25
30
35
40
45
50
0
50
100
150
200
250
300
2013 2016 2017 2018 2019 2020 2021
10”-29” 32" 37"-43" 46"-50" 51"-59" 60"+
Worldwide average TV screen size continues to trend up as demand for large-size TV grows
Ave
rag
e S
cree
n S
ize
Un
its (
M)
Worldwide TV Market by Screen Size
Source: IHS, Corning analysis
Display Technologies 8.
© 2017 Corning Incorporated ..
Industry-wide surge towards G10+ investments are aimed at capturing large-size TV market
G10.5
Guangzhou
G10.5
Hefei
Additional G10.5/G11 fab investments
anticipated…
Additional G10.5/G11 fab investments
anticipated…
G11
Shenzhen
Display Technologies 9.
© 2017 Corning Incorporated ..
G10.5 platform enables excellent efficiency for large screen sizes
Six 75” TVs on Gen 10.5 =
94% glass UT
Two 75” TVs on Gen 8.5 =
56% glass UT
• Our Gen 10.5 melting platform provides the most efficient glass for 65” & 75” TVs
• Corning has superior G10+ capabilities…– First established Gen 10 fab and co-located with
our customer
– 8 years of proven experience in G10 glass operations, ~1B ft2 G10 glass shipped
– Proven manufacturing platform, technology, and performance
– Capability of wide range of thicknesses
– Fusion drawn technology is advantaged in G10+
Display Technologies 10.
© 2017 Corning Incorporated ..
G10+ capacity additions will need to be supported by growth of 60+ inch TV demand
-
200
400
600
800
1,000
1,200
2016 2017 2018 2019 2020 2021Fab 0
Fab 1
Fab 2
Fab 3WW 60”+ TV glass demand
M Sqft Large size TV demand & G10+ capacity
M ft2
Source: IHS, Corning analysis
Display Technologies 11.
© 2017 Corning Incorporated ..
Display Technologies 11.
© 2017 Corning Incorporated ..
Leveraging existing fusion assets is a core element of our strategy to maintain our leadership position
Maintain stable share
Maintain supply and demand balance
Leverage existing assets to pursue new opportunities
ST
RA
TE
GY
Example:• High performance display• Glass light guide plate• Cover glass
Display Technologies 12.
© 2017 Corning Incorporated ..
HH market by technology HH market by technology
RIGID
FLEX
LTPS-OLED Display Adoption (2016 – 2020) LTPS-OLED Display Adoption (2016 – 2020)
Wearable
31% 39%
Handheld
Tablet
20% 34%
1% 2%
Market for small and medium-sized high-performance displays will continue to grow in the next 5 years; LTPS-OLED emerging in portable devices
28% 32%38%
17%17%
17%9%
17%
21%
46%33%
23%
0%
25%
50%
75%
100%
2017 2019 2021
High Performance Display
LTPS LCD
a-Si
Flexible OLED
Rigid OLED
Source: IHS, Corning analysis
Display Technologies 13.
© 2017 Corning Incorporated ..
Total Pitch VariationTotal Pitch Variation
Up to 45% Better
Designed for LTPS and optimizes RGB Alignment
Up to 2x Lower
Enables tighter design rules and less panel thickness variability
Total Thickness Variation
Total Thickness Variation
Key attributes of Corning Lotus™ NXT Glass address the challenges of OLED’s manufacturing process
Up to 30% Higher
Designed and manufactured with uniform and high UV transmittance
UV Transmission UV Transmission
0
0.5
1
1.5
AlternativeGlass
Lotus NXTGlass
0
2
4
6
8
10
AlternativeGlass
Lotus NXTGlass
High Performance Display
Display Technologies 14.
© 2017 Corning Incorporated ..
40.936.9
33.630.6 29.4
27.7 26.0 24.434.4 31.4
28.024.7 24.6 21.2 19.3 19.7
38.034.5
31.328.3 27.8
25.023.4 22.5
05
1015202530354045
1Q15 2Q15 3Q15 4Q15 1Q16 2Q16 3Q16 4Q16
TV S
et T
hick
ness
(mm
)
Direct- type Edge - Lit Total
TVs continue to trend slim; average TV set thickness in China has reduced by nearly 70% in two years
China TV average set thickness
Average set thickness of TV featuring
Corning Iris™ Glass
Glass Light Guide Plate
Source: IHS, Corning analysis
Display Technologies 15.
© 2017 Corning Incorporated ..
Conventional LCD TV with polymer LGP
(Typically greater than 15 mm)
Conventional LCD TV with polymer LGP
(Typically greater than 15 mm)
TV with Corning Iris™ Glass(Less than 5 mm)
TV with Corning Iris™ Glass(Less than 5 mm)
Corning Iris™ Glass – a light guide plate for edge-lit LCD TVs – enables thin set designs, as thin as an average smartphone…
TV with Corning Iris™ GlassTV with Corning Iris™ Glass
Glass Light Guide Plate
Display Technologies 16.
© 2017 Corning Incorporated ..
Material
Enables designs lessthan 10 mm
Enables designs less than 5 mm
DimensionallyStable
Rigidity enables structural
component costreduction
EnablesBrightest Displays
Low Color Shift
Outstanding Coupling Efficiency
Iris™ Glass
PMMA*
MS*
Alternative Flat Glass
*PMMA or MS refers to specialty plastic material
Corning Iris™ Glass is gaining traction in TV and monitor applications
Corning is collaborating with ODMs and brands to optimize designs which leverage the superior optical, mechanical and thermal performance of glass
Glass Light Guide Plate
Display Technologies 17.
© 2017 Corning Incorporated ..
Corning is continuing to drive growth in cover glass demand through innovation
0.0
0.1
0.2
0.3
0.4
0.5
0.6
0.7
0.8
0.9
1.0
0.3 0.4 0.5 0.6 0.7 0.8 0.9
Nor
mal
ized
Aver
age
Heig
ht to
Fai
lure
Glass Thickness (mm)
Corning® Gorilla® Glass 5
Corning® Gorilla® Glass 4
up to1.5X
up to1.8X
Ref: Corning test puck on 180 grit
Real World DamageReal World DamageFMA results of >1000 of Field Returns
80% of field returns are linked to sharp contact damage
Cover Glass
Corning® Gorilla® Glass 5 improves face drop performance up to 1.5-1.8X vs. Corning® Gorilla® Glass 4
Source: Corning analysis
Display Technologies 18.
© 2017 Corning Incorporated ..
Wireless charging,True opaque colors,
RF Transparency
Anti-fingerprint, Anti-glare finish
Photorealistic decoration that
allows customization
Toughness of Gorilla Glass, with scratch
resistance approaching
alternative luxury cover materials
Corning® Gorilla® Glass has helped protect over 5 billion devices; new innovations tailored to customized, cutting-edge device requirements
Optimized for shoulder-height drops and
innovative product designs
Glass CeramicsAntiglare finish
Satin No Satin
Vibrant Corning®
Gorilla® Glass Corning® Gorilla®
Glass SR+ Corning® Gorilla®
Glass 5
Cover Glass
Display Technologies 19.
© 2017 Corning Incorporated ..
Corning’s extraordinary materials and process expertise creates new products and businesses for tomorrow’s Display industry…
13
2 4
Display Technologies 20.
© 2017 Corning Incorporated ..
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