Corning partners with Nvidia to expand optical fiber production for AI demand
Updated
Updated · CNBC · May 9
Corning partners with Nvidia to expand optical fiber production for AI demand
13 articles · Updated · CNBC · May 9
Corning said it will open three new US plants, boost optical connectivity manufacturing tenfold and raise fiber capacity 50%; its shares rose 18% last week.
At an investor day, the company forecast a $20bn annualised sales run rate exiting 2026 and a possible $40bn by 2030, while Nvidia shares gained 8.4%.
CEO Wendell Weeks said two previously unnamed hyperscaler deals are larger than Corning's $6bn Meta pact, underscoring surging demand from the AI infrastructure buildout.
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