Corning, Amazon Expand Multi-Year AI Fiber Deal, Shares Rise 5%

On June 13, Corning and Amazon deepened their multibillion-dollar, multi-year partnership to scale optical fiber production for AI data centers. The expansion follows the initial June 8 agreement and includes new manufacturing investments in North Carolina that will create 1,000 full-time jobs plus a workforce training program. Corning shares rose about 5% on the news while Amazon slipped 0.5%. Management highlighted plans to scale fiber output 10x and double the revenue run-rate to $40 billion by 2030, underscoring AI infrastructure as a manufacturing growth story.