Meta Secures $6 Billion Fiber-Optic Cable Deal with Corning, CNBC Reports
Meta Platforms, the parent company of Facebook, has reached a significant agreement with Corning, a renowned manufacturer of Gorilla Glass. The deal, valued at up to $6 billion, involves the supply of fiber-optic cables for AI data centers over the next several years. Corning will provide advanced optical fiber and connectivity products while enhancing its manufacturing capacity in North Carolina.
Details of the Agreement
Corning will serve as the primary supplier to Meta, particularly from its cable factory located in Hickory, North Carolina. This partnership underlines the rising demand for optical connectivity products crucial for handling the massive data processing requirements of modern data centers.
Financial Impact
- Meta’s payment to Corning will extend through 2030.
- Corning’s stock has experienced notable growth, rising over 84% in 2025.
- A premarket trading jump of approximately 7% in Corning’s shares followed the announcement.
Broader Industry Trends
Meta is aggressively investing in its data center infrastructure, aiming to enhance its AI technologies to compete in the tech industry. In total, Meta plans to allocate around $600 billion towards U.S. technology infrastructure and job creation in the next three years. The recent “Meta Compute” initiative was introduced to bolster AI infrastructure and manage data center partnerships globally.
Job Creation
This collaboration is expected to boost Corning’s employment levels in North Carolina by 15% to 20%, contributing to the workforce of over 5,000 individuals in the region. Corning’s CEO, Wendell Weeks, emphasized that this partnership reinforces domestic supply chains and fosters innovation in advanced data center construction.
Both companies will also release their quarterly earnings reports soon, adding further anticipation to their ongoing collaboration.
