Nvidia to invest up to $3.2 billion in Corning as part of massive optical fiber deal with 3 new factories focused on AI
Corning is opening three new advanced manufacturing plants in the U.S. dedicated entirely to optical technologies for Nvidia.
AI Summary
Corning and Nvidia have partnered to build three new advanced manufacturing facilities in North Carolina and Texas dedicated to optical fiber technology for AI infrastructure, which will create at least 3,000 jobs and increase Corning's U.S. optical manufacturing capacity tenfold. The partnership suggests Nvidia plans to integrate Corning's optical glass fibers into its AI systems to replace copper in a technology called co-packaged optics, which Nvidia's CEO has identified as essential for AI development. Both companies have seen their stock prices surge since ChatGPT's 2022 launch, with Corning shares rising 14% on the announcement and the company's stock up over 250% in the past year.