Samsung Mobile Display and Corning today announced a new joint venture that will create OLED glass substrates and panels for mobile phones and other devices. Samsung will supply its OLED expertise to the joint venture and Corning will contribute its Lotus Glass technology. The venture will supply OLED backplane glass substrates for Samsung Mobile Display, as well as for the broader market in Korea. The joint venture is an expansion of an existing partnership between the two companies. Growth in the smartphone market has increased the demand for low-cost, durable screens.