Corning Incorporated (GLW) has signed a long-term, multibillion-dollar agreement with Amazon.com, Inc. (AMZN) to supply optical fiber, cable, and connectivity solutions for Amazon’s expanding U.S. data center network. This contract will significantly bolster Corning’s presence in the AI and cloud infrastructure markets and is set to create 1,000 new manufacturing jobs in North Carolina.
To meet the growing demand for fiber optic products, Corning will enhance production at its North Carolina facilities and expand its Fiber Optic Technician Training Program in collaboration with Catawba Valley Community College. Corning’s initiatives not only aim to satisfy customer demand but also support the development of next-generation digital infrastructure.
In addition to this deal, shares of Corning have surged by 270.6% in the past year, although this is below the industry growth of 339.3%. The company’s earnings estimates for 2026 have risen by 1.9% to $3.19, while those for 2027 have increased by 8% to $4.18.
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