Amazon, Corning ink multibillion-dollar fiber supply deal

Amazon and Corning announced a multibillion-dollar, multiyear agreement on Monday to supply optical fiber, cable, and connectivity solutions for Amazon's expanding data center infrastructure across the United States. The deal is expected to create 1,000 new advanced manufacturing jobs at Corning's facilities in North Carolina, along with hundreds of construction jobs.

Corning's stock surged approximately 10% in Monday morning trading following the announcement, continuing a strong rally in 2026 largely driven by rising demand for fiber optic products. Amazon shares also moved higher. The companies did not disclose the specific financial terms or length of the agreement.

The partnership aims to strengthen the domestic supply chain for the fiber and cable technologies essential to data centers, particularly those supporting artificial intelligence workloads. Optical fiber, which transmits data as light through thin glass strands, is critical for connecting servers and processors within AI data centers where latency can impact performance. As part of the deal, Amazon will invest directly in expanding Corning's North Carolina manufacturing capabilities and will collaborate to expand...