# Corning announced a major supply agreement with AI chip king Nvidia to bring more of its glass technology inside data centers.

*genai · news · 2026-05-06 · CNBC*

## Key points

- Corning and Nvidia signed a multiyear supply agreement expanding Corning’s U.S. optical manufacturing tenfold.
- Nvidia received warrants to purchase up to 18 million Corning shares, worth potentially $3.2 billion.
- Corning plans three new optical facilities in North Carolina and Texas, creating over 3,000 jobs.
- Corning raised its 2028 internal sales target by $6 billion, now aiming for $30 billion annualized sales.
- Corning now expects free cash flow to grow faster than capital spending due to risk-sharing supply deals.

**Companies:** Nvidia, Apple, Meta Platforms, Amazon, Microsoft, Alphabet, Corning
**Countries:** United States

[Read the full story on CNBC](https://www.cnbc.com/2026/05/06/were-raising-our-corning-price-target-after-its-nvidia-deal-updated-financial-targets.html)

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