semiconductor / news / / The Mercury News
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.
Nvidia secured rights to buy up to 18 million Corning shares through a $500 million deal.
KEY POINTS
- 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
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