Corning Wins Amazon's Multibillion-Dollar Fiber Deal, Creates 1,000 Jobs
GLW•Corning secured a multi-year, multibillion-dollar agreement with Amazon to supply optical fiber, cables and connectivity solutions for its expanding U.S. data center network, driving shares up over 5%. The deal will add 1,000 manufacturing jobs in North Carolina and expand a fiber-optic technician training program with Catawba Valley Community College.
1. Amazon Agreement Details
Corning agreed to a multi-year, multibillion-dollar supply contract with Amazon to provide optical fiber, cable and connectivity solutions for its expanding U.S. data center network. The agreement addresses growing data transfer needs as Amazon accelerates its AI infrastructure buildout.
2. Job Creation and Training
The deal will create 1,000 new manufacturing jobs at Corning's North Carolina facilities and add hundreds of construction roles. Corning will also expand a fiber-optic technician training program with Catawba Valley Community College to prepare students for manufacturing and technical careers.
3. Market Reaction
Corning shares jumped over 5% in early trading and trended among top tickers, reflecting investor enthusiasm for the company's expanded role in AI data center infrastructure. The partnership offers an alternative exposure to AI spending beyond chipmakers.
4. Strategic Implications
Securing Amazon as a hyperscaler customer cements Corning's position in high-speed optical networking, a critical component of next-generation data centers. The deal diversifies revenue streams and strengthens Corning's case as a key supplier in the AI supply chain.
