"You might know Corning for its iconic kitchen brands, like Pyrex and CorningWare. You might remember that Thomas Edison relied on the company to develop the glass for the lightbulb, or that In 1970, Corning invented the first glass fiber that was useful for long-distance communication, while in 2007 Steve Jobs turned to Corning, which is based in Corning, NY, to create the hard-to-shatter glass that now wraps every iPhone."
"Meta announced today that it has committed to paying Corning up to $6 billion through 2030 for fiber-optic cable to wire its expanding fleet of AI data centers. In a CNBC interview, Corning CEO Wendell Weeks disclosed that Corning is expanding a North Carolina manufacturing facility to accommodate growing demand from Meta and other companies including Nvidia, OpenAI, Google, Amazon and Microsoft. When the project is complete-with funding from Meta-Corning says it will be the largest fiber-optic cable plant in the world."
Corning has evolved from makers of Pyrex and CorningWare and historical glass innovations to a critical supplier for AI data centers. Meta committed up to $6 billion through 2030 to buy Corning fiber-optic cable for its expanding AI facilities. Corning is expanding a North Carolina plant with Meta funding and expects it to become the world’s largest fiber-optic cable plant. Ultra-pure glass fiber transmits data as light and links tens of thousands of GPUs into unified supercomputer clusters. Major hyperscalers including Nvidia, OpenAI, Google, Amazon, and Microsoft are increasing demand, and Corning’s stock rose 16%.
Read at Fortune
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