MAPLEWOOD, Minn., Nov. 12 -- 3M Co. announced today it has agreed to pay $850 million in cash for Corning Precision Lens Inc., the largest worldwide manufacturer of lens systems for rear-projection televisions. Corning Precision Lens, based in Cincinnati, is a wholly-owned subsidiary of Corning Inc., based in Corning., N.Y. 3M said it believes display components represent a multibillion-dollar growth industry. Digital videodiscs, or DVDS, and high-definition televisions are driving the growth in this industry as more consumers purchase large-screen, rear-projection TVs for home theaters, the...Read full articleRelated content from Photonics MediaArticlesOculi’s Smart Sensors Earn Top Prize at Luminate 2023Oculi, developer of a smart, programmable vision sensor, took home $1 million in follow-on funding and Company of the Year honors as the winner of Luminate’s sixth cohort. 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