Nvidia is investing $500M in Corning as part of its partnership to expand US manufacturing of fiber optics for AI infrastructure; GLW jumps 20%+ pre-market (Nicholas G. Miller/Wall Street Journal)
Nvidia commits $500M to Corning for domestic fiber optics manufacturing targeting AI infrastructure needs, pushing Corning shares up 20%+ in pre-market trading.
Excerpt
<a href="https://www.wsj.com/tech/nvidia-corning-form-partnership-to-expand-fiber-optic-manufacturing-17f525de?st=tZFGWv&reflink=desktopwebshare_permalink"><img align="RIGHT" border="0" hspace="4" src="http://www.techmeme.com/260506/i25.jpg" vspace="4" /></a>
<p><a href="https://www.techmeme.com/260506/p25#a260506p25" title="Techmeme permalink"><img height="12" src="http://www.techmeme.com/img/pml.png" style="border: none; padding: 0; margin: 0;" width="11" /></a> Nicholas G. Miller / <a href="https://www.wsj.com/">Wall Street Journal</a>:<br />
<span style="font-size: 1.3em;"><b><a href="https://www.wsj.com/tech/nvidia-corning-form-partnership-to-expand-fiber-optic-manufacturing-17f525de?st=tZFGWv&reflink=desktopwebshare_permalink">Nvidia is investing $500M in Corning as part of its partnership to expand US manufacturing of fiber optics for AI infrastructure; GLW jumps 20%+ pre-market</a></b></span> — Corning will boost its U.S.-based optical connectivity manufacturing capacity by ten times — Nvidia is investing $500 million … </p>
Read at source: https://www.techmeme.com/260506/p25#a260506p25