Overview
- A multiyear partnership announced Wednesday will add three factories in North Carolina and Texas and lift Corning’s U.S. optical connectivity output tenfold.
- Corning plans to boost domestic fiber production capacity by more than 50% and create about 3,000 U.S. jobs to support the AI buildout.
- A regulatory filing shows Nvidia obtained rights to 3 million Corning shares at $0.0001 and warrants for up to 15 million at $180, a package reported at roughly $500 million.
- Corning raised its long‑term sales run‑rate goals, guiding to $20 billion by the end of this year, $30 billion by 2028, and $40 billion by 2030.
- The deal is intended to enable co‑packaged optics, which put light‑based links next to chips to move data faster and with far less power than copper inside large GPU clusters.