Meta signs deal to pay Corning up to $6 billion for fiber-optic cables, CNBC reports
Jan 27 (Reuters) - Facebook parent Meta Platforms has signed a deal to pay Gorilla Glass maker Corning up to $6 billion for fiber-optic cables for its AI data centers, CNBC reported on Tuesday.
Shares of Corning jumped more than 7% in premarket trading.
(Reporting by Deborah Sophia in Bengaluru; Editing by Arun Koyyur)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Tether Supports Ark Labs’ $5.2 Million Investment in Revitalizing Bitcoin Stablecoins
Algorhythm Holdings' SemiCab Platform Significantly Reduces Fuel Costs for Carriers
Salesforce Turns to Bonds for Share Repurchases Amid Rising Investor Yield Expectations
Mike Lindell Media Corp partners with precious metals dealer
Trending news
MoreCrypto prices
More
