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Corning, a Trailblazer in Optical Communications, Lands Substantial Order from Meta; Stock Soars to Near 25 - Year Peak
6 day ago /
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Author：小编
On Tuesday, following the opening bell of the U.S. stock market, Corning's stock price experienced a remarkable surge of over 10%, soaring to a level not seen since 2000. Sources indicate that Corning has inked a significant data - center optical fiber cable supply pact with tech behemoth Meta. The contract is valued at a staggering $6 billion.
As per the terms of the agreement, Corning will provide Meta with cutting - edge optical fiber, cables, and interconnection solutions. Additionally, Corning is set to expand its factory in North Carolina, with Meta designated as the primary customer for this facility.
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