Nvidia provides multi-billion funding for Corning factories
Nvidia CEO Jensen Huang confirmed a multi-billion-dollar prepayment to expand Corning production. The funding supports new U.S. factories for fiber-optic glass.
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NVIDIA CORP issued a multi-billion-dollar prepayment to CORNING INC to build new glass manufacturing plants in the United States. The capital injection follows a separate $3.2 billion equity stake disclosed earlier this week. The deal secures the fiber-optic glass supply Nvidia needs to scale networking infrastructure for massive AI data centers.
