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Nvidia, Corning partner on massive optical fiber deal that may be a game changer for AI

CNBC·Katie Tarasov·27 days ago
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Nvidia , the chipmaker at the center of the artificial intelligence boom, is partnering with glassmaker Corning for three new advanced manufacturing facilities in North Carolina and Texas dedicated entirely to optical technologies for the world's most valuable semiconductor company. The factories will lead to the creation of at least 3,000 jobs and increase Corning's U.S. optical manufacturing capacity by 10-fold, the companies said in a joint press release on Wednesday. Financial terms weren't disclosed. Corning shares soared 14% on the news. Nvidia stock gained nearly 3%. The multiyear deal brings together two infrastructure players that have seen their fortunes skyrocket since the launch in 2022 of OpenAI's ChatGPT , which sparked an explosion of investments into new processors and systems for powering cutting-edge AI models and workloads.…

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