Corning Incorporated signed a Memorandum of Understanding with BOE Technology Group Co., Ltd. to collaborate on several key technology areas.
The partnership focuses on joint exploration of glass-based packaging substrates, foldable glass, and perovskite glass substrates. The companies will also develop applications for optical interconnects.
This collaboration supports Corning's strategy to leverage materials science expertise within high-growth electronics markets.
The announcement coincides with a broader rally in the optical communication sector. Corning and several industry peers are currently trading higher.