# N Nvidia Corp. has bought $500 million worth of rights for shares in the fiber-optic cable maker Corning Inc. Corning in turn pledged to increase US fiber production capacity by more than 50% to supply more optical fiber for AI data centers.

*semiconductor · news · 2026-05-06 · The Mercury News*

## Key points

- Nvidia secured rights to buy up to 18 million Corning shares through a $500 million deal.
- Corning will boost US fiber production capacity by over 50% and build three new complexes.
- Corning projects a $20 billion sales run rate by end of 2026 and $30 billion by 2028.
- Jensen Huang leveraged his relationship with Trump to advocate for easing chip export restrictions.
- Trump permitted Nvidia to sell less advanced H200 AI chips to China as of December.

**Companies:** Nvidia Corp., Corning Inc., Marvell Technology Inc., Lumentum Holdings Inc., Coherent Corp.
**Countries:** United States

[Read the full story on The Mercury News](https://www.mercurynews.com/2026/05/06/nvidia-inks-500-million-deal-for-shares-in-fiber-maker-corning/)

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