CORNING, N.Y. — Corning Incorporated (NYSE: GLW) today introduced its latest breakthrough in glass substrates for the semiconductor industry – Advanced Packaging Carriers. This enhanced line of glass carrier wafers is optimized for fan-out processes, a type of cutting-edge semiconductor packaging that enables smaller, faster chips for consumer electronics, automobiles, and other connected devices.

Corning Advanced Packaging Carriers feature three significant improvements:

    - Fine granularity in a wide range of available coefficients of thermal expansion (CTE)
    - High stiffness composition
    - Rapid sampling availability

These attributes are important for customers pursuing fan-out packaging because:

    - Fine granularity enables customers to more easily select the optimal CTE needed to minimize in-process warp.           Precise CTE offerings thereby help reduce customers’ development cycle time.
    - Corning’s high stiffness compositions help further reduce in-process warp. Minimizing warp helps maximize their          yield of packaged chips.
    - Rapid sampling availability also contributes to reduced development time and enables customers to move to the         mass production phase more quickly.

“We created Corning Advanced Packaging Carriers especially for our customers pursuing the most challenging types of chip manufacturing processes,” said Rustom Desai, commercial director of Corning Precision Glass Solutions.

“Our deep technical ties in the semiconductor industry, combined with Corning’s core competencies in glass science and manufacturing, enabled us to create an innovative product that can help customers maximize efficiency throughout their development process and mass production ramp,” Desai said.

Corning’s semiconductor glass carriers are one of several products in Corning’s portfolio of Precision Glass Solutions designed to address the emerging need for glass across microelectronics. This portfolio provides customers with a one-stop shop for world-class capabilities including proprietary glass and ceramic manufacturing platforms, finishing processes, bonding technologies, best-in-class metrology, automated laser glass-processing, and optical design expertise.

Learn more about Corning Precision Glass Solutions here:
http://www.corning.com/precision-glass-solutions

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This press release contains “forward-looking statements” (within the meaning of the Private Securities Litigation Reform Act of 1995), which are based on current expectations and assumptions about Corning’s financial results and business operations, that involve substantial risks and uncertainties that could cause actual results to differ materially. These risks and uncertainties include: the effect of global business, financial, economic and political conditions; tariffs and import duties; currency fluctuations between the U.S. dollar and other currencies, primarily the Japanese yen, New Taiwan dollar, euro, Chinese yuan, and South Korean won; product demand and industry capacity; competitive products and pricing; availability and costs of critical components and materials; new product development and commercialization; order activity and demand from major customers; the amount and timing of our cash flows and earnings and other conditions, which may affect our ability to pay our quarterly dividend at the planned level or to repurchase shares at planned levels; possible disruption in commercial activities due to terrorist activity, cyber-attack, armed conflict, political or financial instability, natural disasters, or major health concerns; unanticipated disruption to equipment, facilities, IT systems or operations; effect of regulatory and legal developments; ability to pace capital spending to anticipated levels of customer demand; rate of technology change; ability to enforce patents and protect intellectual property and trade secrets; adverse litigation; product and components performance issues; retention of key personnel; customer ability, most notably in the Display Technologies segment, to maintain profitable operations and obtain financing to fund their ongoing operations and manufacturing expansions and pay their receivables when due; loss of significant customers; changes in tax laws and regulations including the Tax Cuts and Jobs Act of 2017; and the potential impact of legislation, government regulations, and other government action and investigations.

For a complete listing of risks and other factors, please reference the risk factors and forward-looking statements described in our annual reports on Form 10-K and quarterly reports on Form 10-Q. Forward-looking statements speak only as of the day that they are made, and Corning undertakes no obligation to update them in light of new information or future events.

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About Corning Incorporated

Corning (www.corning.com) is one of the world's leading innovators in materials science, with a more than 165-year track record of life-changing inventions. Corning applies its unparalleled expertise in glass science, ceramic science, and optical physics along with its deep manufacturing and engineering capabilities to develop category-defining products that transform industries and enhance people's lives. Corning succeeds through sustained investment in RD&E, a unique combination of material and process innovation, and deep, trust-based relationships with customers who are global leaders in their industries.

Corning's capabilities are versatile and synergistic, which allows the company to evolve to meet changing market needs, while also helping our customers capture new opportunities in dynamic industries. Today, Corning's markets include optical communications, mobile consumer electronics, display technology, automotive, and life sciences vessels. Corning's industry-leading products include damage-resistant cover glass for mobile devices; precision glass for advanced displays; optical fiber, wireless technologies, and connectivity solutions for state-of-the-art communications networks; trusted products to accelerate drug discovery and delivery; and clean-air technologies for cars and trucks.