Nvidia Funds Construction of Corning Plants, in Addition to Equity Investment
The deal will add three U.S. factories and create more than 3,000 jobs as Nvidia expands its role in Corning’s supply chain.
- Nvidia CEO Jensen Huang and Corning CEO Wendell Weeks confirmed Thursday that Nvidia paid several billion dollars to fund new factories for glassmaker Corning, supplementing an equity stake of up to $3.2 billion disclosed earlier this week.
- Corning will build three new manufacturing facilities in Texas and North Carolina to expand production of advanced optical technologies for Nvidia's AI infrastructure, addressing supply chain needs for data centers.
- The expansion will create more than 3,000 jobs while increasing optical connectivity manufacturing capacity by a factor of 10, Huang said, emphasizing the scale of U.S. production growth.
- Under its 'Springboard' long-term plan, Corning expects its new photonics business serving Gen AI customers like Nvidia to grow into a $10 billion revenue stream by 2030.
- Multibillion-Dollar agreements with hyperscale customers like Meta Platforms anchor Corning's growth through 2030, though shares trade at over 60 times expected adjusted earnings, reflecting elevated valuation expectations.
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Does This Nvidia Deal Make Corning Stock a Buy?
Key PointsThe new partnership could ultimately result in up to $3.2 billion of investment in the optical specialist's stock.Corning's optical communications sales grew 36% year over year in the first quarter of 2026.Shares are up more than 300% over the past year.10 stocks we like better than Corning › Shares of materials science specialist Corning (NYSE: GLW) surged earlier this week after the company announced a multi-year partnership with art…
'We’re going through the single largest infrastructure buildout in human history': Jensen Huang says new Nvidia AI partnership will ‘revitalize American manufacturing’
Nvidia CEO Jensen Huang says new partnership with Corning could be vital for nationwide advances in AI.
Nvidia’s Corning Deal Signals American Manufacturing’s AI-Powered Comeback
Jensen Huang has a message for skeptics who see artificial intelligence as a force that hollows out factories and displaces workers. The Nvidia chief executive calls the current surge in data center construction something far larger. “We’re going through the single largest infrastructure buildout in human history,” he said on CNBC’s Mad Money. And this time the United States stands to gain. The latest evidence arrived this week. Nvidia and Corni…
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