Amazon, Corning Announce Plans to Boost U.S. Fiberoptics Manufacturing
The pact expands U.S. fiber production for Amazon’s data centers and adds 1,000 jobs at Corning factories, the companies said.
- On Monday, Amazon and Corning announced a multiyear agreement to supply optical fiber powering Amazon's expanding U.S. data centers, creating 1,000 jobs at Corning's North Carolina factories.
- The Trump administration has encouraged Big Tech to onshore AI supply chains; this deal follows up to $6 billion from Meta in January and up to $3.2 billion from Nvidia in May.
- For Corning, fresh demand from artificial intelligence is reinvigorating the 175-year-old business as optical fiber has become essential infrastructure for shifting enormous data volumes between racks and chips at high speed.
- Corning's shares jumped 9 per cent on the news while Amazon's rose about 1 per cent; Amazon Web Services CEO Matt Garman noted the company's investments in North Carolina have created over 26,000 jobs.
- Corning CEO Wendell Weeks said in Monday's press release that "next year the hyperscalers will be our biggest customers," calling the agreement a significant milestone for American manufacturing and resilient U.S. production.
46 Articles
46 Articles
Amazon, Corning ink multibillion-dollar deal to ramp up fiber optics manufacturing
The agreement is expected to create 1,000 jobs at Corning’s fiber-optic plants in North Carolina. The two Fortune 500 companies will also develop a new workforce program with Catawba Valley Community College in Hickory.
Amazon agreement with Corning to bring 1,000 manufacturing jobs to North Carolina
NORTH CAROLINA (WWAY) — Amazon announced a multibillion-dollar agreement with Corning Incorporated that is expected to create 1,000 advanced manufacturing jobs in North Carolina and support hundreds of construction jobs as the company expands its fiber optics production facilities. The multiyear agreement will provide optical fiber, cable and connectivity solutions used to support Amazon’s growing data center infrastructure across the United Sta…
Amazon Deal Sends Corning (NYSE: GLW) Surging As AI Data Center Demand Accelerates
Corning (NYSE: GLW), the glass and electronic component manufacturer, saw its shares jump 7.4% in morning trading after Amazon announced a multiyear, multibillion-dollar supply agreement with the company. The deal covers optical fiber, cable, and connectivity solutions destined for Amazon’s expanding U.S. data center infrastructure, signaling growing institutional confidence in fiber as a core AI input. The agreement is expected to create 1,000 …
Forget the Big Chipmakers for a Minute: This Overlooked AI Stock Is Up 114% and Just Landed Deals With Nvidia and Amazon
Key PointsThe company's optical communications sales grew 36% year over year in the first quarter.Amazon and Nvidia have each struck multibillion-dollar fiber agreements with the company.The stock has more than doubled this year.These 10 stocks could mint the next wave of millionaires › On Monday, Amazon (NASDAQ: AMZN) handed an old-line glassmaker one of its biggest endorsements yet in the AI build-out. The cloud and e-commerce giant announced …
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