4 days ago
June 8 (Reuters) - Amazon said on Monday it has signed a multi-billion-dollar deal with specialty glass maker Corning aimed at boosting U.S. production of optical fiber and connectivity products that are used in data centers.
Amazon, however, did not disclose any further financial details on the partnership.
Shares of Corning rose about 7% in early trading, as the partnership came as a fresh boost to the company's fast-growing fiber optics unit, at a time when weak consumer electronics demand has weighed on the segment that makes Gorilla glass.
Here are more details on the partnership:
• The multi-year partnership will create 1,000 jobs at Corning's North Carolina facilities, Amazon said.
Amazon, however, did not disclose any further financial details on the partnership.
Shares of Corning rose about 7% in early trading, as the partnership came as a fresh boost to the company's fast-growing fiber optics unit, at a time when weak consumer electronics demand has weighed on the segment that makes Gorilla glass.
Here are more details on the partnership:
• The multi-year partnership will create 1,000 jobs at Corning's North Carolina facilities, Amazon said.
