Amazon and Corning expand U.S. fiber manufacturing with 1,000 new jobs planned.
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Corning (NYSE:GLW) has entered a multiyear agreement to supply optical fiber and connectivity solutions for Amazon’s expanding U.S. data center infrastructure. The partnership includes the creation of 1,000 new U.S. manufacturing jobs tied to Corning’s data center related production. Corning and Amazon are also collaborating on a fiber optic technician training program to support the buildout of data center networks. For investors, this new Amazon agreement places Corning more firmly within...
Corning shares jumped Monday after the glass and optic fiber cable maker announced a new multi-billion dollar deal with Amazon.
Amazon.com (AMZN) agreed to a multibillion-dollar deal with specialty glass maker Corning (GLW) to s
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Yahoo Finance's Julie Hyman takes a look at some of Monday's trending tickers and stories, including Corning's (GLW) and Amazon's (AMZN) artificial intelligence (AI) deal, Marvell's (MRVL) upcoming inclusion in the S&P 500 (^GSPC), and Cerebras (CBRS) stock surging after various Wall Street analysts initiated coverage on the company.
Amazon.com said it entered a multibillion-dollar agreement with Corning to get optical fiber, cable and connectivity solutions to support its growing data center footprint.
Amazon’s investments will help Corning expand its manufacturing sites across North Carolina and create 1,000 jobs at the facilities.
Amazon said on Monday it has signed a multi-billion-dollar deal with specialty glass maker Corning aimed at boosting U.S. production of optical fiber and connectivity products that are used in data centers. Amazon, however, did not disclose any further financial details on the partnership. Shares of Corning rose about 7% in early trading, as the partnership came as a fresh boost to the company's fast-growing fiber optics unit, at a time when weak consumer electronics demand has weighed on the segment that makes Gorilla glass.
Corning and Amazon signed a multi-year agreement to provide fiber-optic infrastructure for Amazon's U.S. data center network.
Corning stock rallied on news of a major agreement with Amazon as part of the tech giant's data center expansion.
The multiyear agreement will supply optical fiber, cable, and connectivity solutions for Amazon's expanding U.S. data centers
Investing.com -- Corning (NYSE:GLW) shares jumped 10% Monday after Amazon (NASDAQ:AMZN) announced a multiyear, multibillion-dollar agreement with the company to supply optical fiber, cable, and connectivity solutions for Amazon’s expanding data center infrastructure across the United States.
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Corning (NYSE:GLW) has signed multi-year agreements to supply optical connectivity solutions for AI infrastructure to large customers including Meta. The company has also entered a technology and manufacturing partnership with Nvidia focused on AI data center connectivity. These arrangements are tied to a plan to expand Corning's U.S. manufacturing capacity for optical communications used in AI data centers. Corning is best known for specialty glass and optical communications products that...
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