""AI is driving the largest infrastructure buildout of our time, and a once-in-a-generation opportunity to reinvigorate American manufacturing and supply chains," said Jensen Huang, founder and CEO of NVIDIA."
"Corning has agreed to expand US optical-connectivity manufacturing capacity tenfold, build three new plants in North Carolina and Texas, and create more than 3,000 high-paying jobs over the multi-year partnership period."
NVIDIA is investing $500 million in Corning, acquiring warrants for 15 million shares at $180 and 3 million pre-funded shares at $0.0001. This partnership aims to increase US optical-connectivity production tenfold, with Corning committing to build three new plants and create over 3,000 jobs. Corning shares rose approximately 14% following the announcement. The warrants are exercisable from issuance with a three-year expiry. This investment follows NVIDIA's previous $4 billion investment in laser-component suppliers, emphasizing the growth in AI-driven infrastructure and American manufacturing.
Read at TNW | Nvidia
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