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N Nvidia has paid several billion dollars to help fund new factories for glassmaker Corning.
Nvidia has made a multi-billion-dollar prepayment to Corning for new U.S. factories.
KEY POINTS
- This prepayment is separate from Nvidia's previously disclosed $3.2 billion equity stake in Corning.
- The investments will increase Corning's U.S. production capacity by a factor of 10.
- The new factories and investment are expected to create thousands of jobs in the United States.
COMPANIES
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