Korean media reported that Samsung Electro-Mechanics is expected to sign a formal agreement this week with Sumitomo Chemical to establish a glass substrate JV.
The two companies will invest KRW 500 billion, or about USD 320 million, to set up the entity. Samsung Electro-Mechanics is expected to own more than half of the JV and contribute around KRW 300 billion. The plan is reportedly to establish the entity at the Pyeongtaek site of Dongwoo Fine-Chem, Sumitomo Chemical’s Korean subsidiary, and begin operating production equipment in early 2028.
According to the latest analysis from Counterpoint Research, Apple is expected to achieve record-high market share across smartphones, tablets, and PCs in 2026.
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