Nvidia and Corning Expand US Optical Manufacturing for AI Infrastructure
Nvidia and Corning announced a multiyear partnership to expand U.S. manufacturing of advanced optical connectivity for AI infrastructure. Corning will increase its U.S.-based optical connectivity manufacturing capacity tenfold, expand U.S. fiber production capacity by more than 50%, and build three new advanced manufacturing facilities in North Carolina and Texas, creating more than 3,000 jobs.
As part of the agreement, Nvidia bought $500 million worth of rights for Corning shares. The package includes a traditional warrant for up to 15 million shares at $180 and a pre-funded warrant for up to 3 million additional shares.
From the sources (25 posts)
@kobeissiletterBREAKING: In a "game changing" deal for AI, Nvidia is partnering with glassmaker Corning to develop 3 new advanced manufacturing facilities entirely for optical technologies. Details include: 1. The factories will lead to the creation of
@jukan05NVIDIA announced a long-term partnership with Corning to strengthen U.S. AI infrastructure. Corning will build three new factories in the United States, increasing U.S. optical connectivity capacity by 10x and boosting optical fiber output
@wallstengineNvidia and $GLW announced a multiyear partnership to expand U.S. optical connectivity manufacturing for AI data centers. Corning plans to boost U.S. optical connectivity capacity 10x, fiber capacity 50%+, and build 3 plants in NC and TX, cr
@stockmktnewzNVIDIA $NVDA IS INVESTING $500 MILLION INTO CORNING $GLW Nvidia and Corning just announced a new long term partnership to "expand U.S.-based manufacturing of the advanced optical connectivity solutions needed to power next-generation AI
@stocksavvyshay$NVDA & $GLW announced a multiyear partnership to expand U.S.-made optical connectivity for AI factories. Corning will 10x optical connectivity capacity, increase fiber production by 50% & build 3 new U.S. facilities as AI data cen
@businessNvidia has bought $500 million worth of rights for shares in the fiber-optic cable maker Cornings part of a broader partnership between the two companies aimed at expanding AI infrastructure.
@wallstengineCorning $GLW issued $500M of warrants to Nvidia as part of a long-term partnership, including a traditional warrant for up to 15M shares at $180 and a pre-funded warrant for up to 3M shares.
@stocksavvyshay$NVDA received warrants to buy up to 15M $GLW shares at $180 as part of its long-term partnership with Corning. Corning also issued Nvidia a pre-funded warrant for up to 3M additional shares tied to the deal. Nvidia +3% and Corning +15%
@alphasenseincNVIDIA and Corning Announce Long-Term Partnership To Strengthen U.S. Manufacturing for AI Infrastructure "NVIDIA (NASDAQ: $NVDA) and Corning Incorporated (NYSE: $GLW) today announced a multiyear commercial and technology partnership to dra
@zerohedge*NVIDIA GETS WARRANT TO BUY UP TO 15M SHARES OF CORNING
@zerohedge*CORNING SHARES JUMP 17% ON NVIDIA PARTNERSHIP, STOCK DEAL *AMD SHARES SOAR 16% AT THE OPEN, BIGGEST GAIN SINCE OCTOBER
@wsjNvidia has formed a partnership with Corning to expand manufacturing of fiber optics for AI infrastructure.
@deitaone$NVDA $GLW - NVIDIA AND CORNING ANNOUNCE LONG-TERM PARTNERSHIP TO STRENGTHEN U.S. MANUFACTURING FOR AI INFRASTRUCTURE
@deitaone$GLW - *NVIDIA GETS WARRANT TO BUY UP TO 15M SHARES OF CORNING
@polymarketmoney$NVDA and $GLW announced a multiyear partnership to expand U.S.-made optical connectivity for next-gen AI infrastructure.
@zerohedgeCorning Shares Erupt On Nvidia Deal To Supercharge Fiber Optics Output By 10x
@aaronwei3nLFG!!!
@financialjuiceNvidia & Corning announce long-term partnership. $NVDA
@zephyr_z9Corning is pretty much confirming that the CPO scale up solution will be adopted for the 576 Rubin Ultra solution (not the copper one)
@cnbcNvidia, Corning partner on massive optical fiber deal that may be a game changer for AI
@ftr_investors$NVDA $GLW NVIDIA and Corning Incorporated have formed a long-term partnership to strengthen AI infrastructure in the United States 🤝 They plan to significantly expand optical fiber production, build three new factories, and create over 3,
@photoncap$GLW x $NVDA While Corning produces a diverse range of products—including glass substrates and cookware—one must not forget that its fundamental core remains fiber. "Corning will increase its U.S.-based optical connectivity manufacturing
@mtsliveSITUATION DETECTED: Nvidia is partnering with Corning to build 3 new manufacturing facilities for optical technologies, and likely will replace copper with optical glass fibers in its AI rack-scale systems. Corning $GLW +16% / Nvidia $NVDA
@negligible_cap*NVIDIA GETS WARRANT TO BUY UP TO 15M SHARES OF CORNING $NVDA and $GLW announced a long term partnership - Nvidia taking a stake and Corning will 10x optical capacity in the US $GLW is up 20%
@techmemeCorning and Nvidia partner to open three advanced manufacturing plants in North Carolina and Texas dedicated to optical tech, boosting Corning's US capacity 10x (@katietarasov / CNBC) (Visit Techmeme dot com for the link and full context!)