Corning Agrees to Sell Laser Business to Chinese Company (1)

Corning Inc., the American manufacturer that supplies glass for Apple iPhones, has agreed to sell its German laser-technology business to China’s Suzhou Delphi Laser for as much as €15 million ($16 million).

Suzhou Delphi Laser signed a pact with Corning International on Wednesday to buy the entire stake of the division, Corning Laser Technologies, according to an exchange filing. Corning, based in the New York town of the same name, confirmed the transaction on Thursday.

Though the transaction is small in size, it faces an increasingly fraught regulatory climate. The Biden administration is more closely examining US business dealings ...