Corning and Nvidia Forge U.S. Optics Deal to Multiply Capacity Tenfold

Overview

• Corning and Nvidia announced a multi‑year partnership that will add three advanced optics plants in North Carolina and Texas, lifting U.S. optical connectivity output by roughly 10 times and boosting domestic fiber production by more than 50%.
• Nvidia is backing the buildout with $500 million for pre‑funded warrants to buy 3 million Corning shares and rights to purchase up to 15 million more at $180, a package that could total about $3.2 billion if fully exercised.
• Corning told investors it now targets an annual revenue run rate of $20 billion by year‑end, $30 billion by 2028, and as much as $40 billion by 2030.
• The stock jumped about 12% around the announcement, and Yahoo Finance noted shares have climbed 315% over the past 12 months.
• The companies say shifting to fiber optics will move data faster and with lower power inside AI systems, with Nvidia CEO Jensen Huang calling silicon photonics and optical technology a key supply priority.