Amazon signs multibillion-dollar fiber deal with Corning

The multiyear agreement covers fiber products and network solutions for rapidly expanding AI data centers in the U.S. and could create about 1,000 jobs at Corning’s North Carolina plant.

Summary

Amazon said it reached a multiyear, multibillion-dollar agreement with Corning to buy fiber products and network solutions for rapidly expanding AI data centers in the U.S., extending evidence of heavy infrastructure spending tied to artificial intelligence buildouts. The companies said the deal could create about 1,000 jobs at Corning’s North Carolina plant. In market reaction, Corning shares rose 9% premarket while Amazon gained 1.23%.

Terms & Concepts
  • fiber products: Fiber-optic components used to transmit data across high-speed communication networks.
  • network solutions: Communications hardware and related systems used to connect and support data infrastructure.
  • AI data centers: Data center facilities built or expanded to handle computing workloads for artificial intelligence applications.