As I understand it, the substitution of larger potassium ions for smaller sodium ions in the surface layer creates a compressive stress in the surface, and while this results in a counterbalancing tension in the interior, it is the surface compression which inhibits crack propagation.
This is how tempered glass works, except the surface compression and interior tension is the result in the greater shrinkage of the slowly-cooling interior. The interior tension is also the reason why these glasses shatter into tiny pieces when they do break (see also Prince Rupert's drops: there are many videos on Youtube.)
I am wondering if the chemical process is slow, which might be another reason for it not being adopted for ordinary objects such as drinking glasses.