By Nicholas G. Miller
Nvidia is investing $500 million in Corning as part of a partnership with the glassmaker to expand manufacturing of fiber optics for AI infrastructure.
Through the partnership, Corning will boost its U.S.-based optical connectivity manufacturing capacity by ten times and expand its U.S. fiber production capacity by more than 50%.
That includes the construction of three new manufacturing facilities in North Carolina and Texas.
Corning has seen surging profit as the rapid data-center build out has accelerated demand for its fiber optics, which are used in AI data centers to transfer data quickly and at scale.
Corning's stock rose almost 18% to $190.69 in premarket trading. Nvidia's stock is up 2% at $200.74 premarket.
Earlier this year, Meta agreed to a multiyear deal worth up to $6 billion to buy fiber-optic cable from Corning.
Write to Nicholas G. Miller at nicholas.miller@wsj.com.
(END) Dow Jones Newswires
05-06-26 0830ET
