Meta Platforms signed a multiyear agreement with Corning. The deal is valued at up to $6 billion. Meta will procure advanced optical fiber, cable, and connectivity solutions.
This partnership accelerates the buildout of Meta's state-of-the-art data centers across the United States. These centers support Meta's expanding portfolio of apps, technologies, and artificial intelligence ambitions.
Under the terms, Corning expands its manufacturing capabilities in North Carolina. Meta serves as the anchor customer for a significant capacity expansion at an optical cable facility.
Following the news, shares of Corning jumped over 6% premarket.