Corning recently announced on its official website that it will moderately increase the price of display glass substrates in the second quarter of this year. Corning pointed out in its announcement that the price adjustment is mainly affected by the shortage of glass substrate supply, as well as the increase in logistics, energy, raw material prices and other operating expenses. At the same time, since 2020, affected by various factors such as the epidemic, the cost of precious metals required to maintain glass substrate manufacturing in the past has risen sharply. Although Corning tried to offset these increased costs by increasing productivity, the final result was still unacceptable. Corning expects that in the next few quarters, the supply of glass substrates will remain in short supply, but Corning will continue to cooperate with customers to maximize the production capacity of glass substrates.