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Corning Buys Long-Shuttered Plant

South Korea-based Hynix built the plant in 1995.


EUGENE, Ore. (AP) β€” Corning Inc. has been revealed as the winner bidder in the recent auction of the former Hynix computer chip plant in Eugene.

The Register-Guard reports a deed filed this week in Lane County shows Corning subsidiary Damon Enterprises paid $13.39 million for the shuttered 1.2 million-square-foot plant. 

Corning spokesman Joe Dunning says the company has no immediate plans for the facility. 

The New York-based firm makes a range of products, including optical fiber for communications, cover glass for mobile devices and liquid-crystal displays for TVs. 

South Korea-based Hynix built the plant in 1995. It was one of Lane County's largest private employers before the plant closed in 2008.

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