PartnershipMay 6, 2026, 07:47 AM
Corning & NVIDIA Partner for U.S. AI Infrastructure Expansion
AI Summary
Corning Incorporated and NVIDIA Corporation announced a long-term partnership to significantly strengthen U.S. manufacturing for AI infrastructure. Corning will expand its U.S. optical connectivity manufacturing capacity by 10x and fiber production capacity by over 50%, including building three new advanced manufacturing facilities in North Carolina and Texas, creating more than 3,000 new American jobs. In connection with this partnership, Corning issued and sold to NVIDIA warrants to purchase up to 18 million shares of common stock for an aggregate purchase price of $500 million.
Key Highlights
- Announced long-term partnership with NVIDIA for U.S. AI infrastructure manufacturing.
- Corning to expand U.S. optical connectivity capacity by 10x.
- Corning to expand U.S. fiber production capacity by over 50%.
- To build three new advanced manufacturing facilities in North Carolina and Texas.
- To create over 3,000 new high-paying American jobs.
- Issued warrants to NVIDIA for up to 15 million shares at an exercise price of $180.00 per share.
- Issued pre-funded warrants to NVIDIA for up to 3 million shares at an exercise price of $0.0001 per share.
- Aggregate purchase price for the warrants was $500 million.