Corning Secures $6B Fiber Optic Deal with Meta for Data Center Expansion
Corning Inc. has secured a multiyear agreement valued at up to $6 billion with Meta Platforms Inc. to supply fiber optic cable components for data center expansion. This partnership will enhance Corning's manufacturing capabilities in Hickory, North Carolina, where it expects to increase its workforce by 15% to 20%, surpassing 5,000 employees. The investment aims to address ongoing fiber cable shortages in the U.S. by producing high-performance optical connectivity components.
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Corning Inc. has entered a multiyear agreement worth up to $6 billion with Meta Platforms Inc. to supply fiber optic cable components for data centers. This deal will facilitate the expansion of Corning's manufacturing capabilities in Hickory, North Carolina, where Meta will serve as the anchor customer.
Corning anticipates a 15% to 20% increase in its workforce in North Carolina, enhancing its employment levels to over 5,000. Corning's investment will support the production of high-performance optical connectivity components amid ongoing fiber cable shortages in the U.S.
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