Amazon secures Corning AI fiber deal generating 1,000 North Carolina jobs
AMZN•Amazon agreed to purchase Corning’s optical fiber and cable connectivity for its data center infrastructure, boosting Corning’s capacity with a 1,000-job expansion at its North Carolina factory. Corning shares jumped 7.5% on the announcement after the stock more than doubled year-to-date on growing AI demand.
1. AI Fiber Supply Agreement
Amazon has signed a new agreement to purchase optical fiber and cable connectivity from Corning for its data center infrastructure, including high-bandwidth AI applications. The deal includes plans to create 1,000 new jobs at Corning’s North Carolina manufacturing facility to support increased production.
2. Market Reaction and Stock Impact
Corning shares surged 7.5% on the news, extending a year-to-date gain of over 100% driven by strong demand for AI-enabled glass and fiber products. Analysts view the partnership as a strategic move to secure high-quality materials for Amazon’s expanding cloud and AI services.
