Supply for LCD glass substrates in the second quarter are tight, said Alan T Eusden, president of Corning Display Technologies Taiwan, adding that the tight supply will persist in the second half of 2007 as peak seasons are approaching.

Corning, however, stressed that the company will continue providing stable shipments to clients based on supply agreements.

Prices for glass substrates from Corning only dropped slightly in the second quarter. Corning will not provide any price forecasts for the substrates industry in the second half, said Eusden.

Amid buoyant demand in the LCD TV market, Corning recently updated the forecast for the global LCD TV market to 73 million units in 2007, up from 68 million units, made earlier this year. By the end of 2007, the penetration rate of LCD TV will reach 36% of the overall worldwide TV market, compared to a previous estimate of 33%, the president noted.

18.06.2007, Corning Incorporated

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