Meta signs deal to pay Corning up to $6 billion for fiber-optic cables, CNBC reports
Jan 27 (Reuters) - Facebook parent Meta Platforms has signed a deal to pay Gorilla Glass maker Corning up to $6 billion for fiber-optic cables for its AI data centers, CNBC reported on Tuesday.
Shares of Corning jumped more than 7% in premarket trading.
(Reporting by Deborah Sophia in Bengaluru; Editing by Arun Koyyur)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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