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Corning signs on three dotted lines

With an eye towards strengthening its foothold in the optical networking market, Corning Inc. has recently unveiled three new business deals.As part of these deals, the Corning, New York-based company...


March 1, 2000  


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With an eye towards strengthening its foothold in the optical networking market, Corning Inc. has recently unveiled three new business deals.

As part of these deals, the Corning, New York-based company has signed a US$2 billion agreement to buy NetOptix, Sturbridge, MA, a manufacturer of thin film filters for use in dense wavelength division multiplexing (DWDM) components.

In a second deal, Corning said it would form an equity venture with Korea’s Samsung Electronics called Samsung Corning Micro-Electronics, to produce micro-optic products used to boost the capacity of the Internet. The company will be located in an existing Samsung facility near Seoul in Suwon, South Korea.

Corning also announced that it will work with British Telecommunications (BT) as a research partner in photonics technology, and has acquired BT’s Photonics Technology Research Center (PTRC), for approximately US$66 million.


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