Corning, Meta $6B deal delivers for North Carolina

(The Center Square) – Within a national $6 billion deal announced Tuesday, another of the Big Five tech companies is investing in North Carolinians for jobs.

Corning, with eight manufacturing locations and its Optical Communications headquarters in Charlotte, is poised to add an estimated 750 to 1,000 jobs at its optical cable manufacturing facility in Hickory. The 175-year-old New York-based materials science company has a deal with Meta, owner of Facebook and Instagram, it says will supply “optical fiber, cable and connectivity products designed to meet the density and scale demands of advanced artificial intelligence centers.”

The $6 billion package supports buildout of the most advanced data centers nationwide, with expectation to impact Ohio and Louisiana. Meta will be anchor customer in Hickory at the Trivium Corporate Center.

In addition to high-powered computer chips, fiber optics moving large amounts of data efficiently between thousands of servers is crucial to artificial intelligence.

Expanded production capacity will happen across other locations in the state, though Corning did not name them. Corning also has facilities at Newton, Concord, Midland, Winston-Salem, Durham, Wilmington and Tarboro.

- Advertisement -

Corning, global market share leader in optical fiber and cable production, said the workforce was expected to increase 15%-20%. There’s about 5,000 in the state today.

The Economic Investment Committee within the Commerce Department met on Tuesday and went into executive session. No announcement followed. First-term Democratic Gov. Josh Stein, regularly cheering on economic development news, prior to publication was yet to issue a release or post on social media about the jobs increase.

The company added a note of caution to its statement.

It said in part, “Some of the risks, uncertainties and other factors that could cause actual results to differ materially from those expressed in or implied by the forward-looking statements include, but are not limited to: global economic trends, competition and geopolitical risks, or an escalation of sanctions, tariffs or other trade tensions between the U.S. and other countries, and related impacts on our businesses’ global supply chains and strategies.”

In a release, Chairman and CEO Wendell Weeks of Corning said, “Together with Meta, we’re strengthening domestic supply chains and helping ensure that advanced data centers are built using U.S. innovation and advanced manufacturing.”

Joel Kaplan, Meta’s chief global affairs officer, agreed on putting together “world-class partners and American manufacturing.”

- Advertisement -

He also said, “This collaboration will help create good-paying, skilled U.S. jobs, strengthen local economies, and help secure the U.S. lead in the global AI race.”

The Big Five tech companies, as they are colloquially known, are Amazon, Apple, Meta, Microsoft and Alphabet. Former names were Facebook rather than Meta, and Google rather than Alphabet.

In June, Amazon said it would invest $10 billion toward its Amazon Web Services data center supply chain innovation campus in Richmond County along the South Carolina border. Earlier in the month, Jet Zero’s $4.7 billion investment had shattered the previous state record.

Corning’s sales growth in optical communications was 58% in third quarter of 2025 fueled by artificial intelligence demand. Core sales in the quarter were $4.2 billion; for 2024, core sales were $14.47 billion.

Meta’s revenue growth for third quarter of 2025 was $51.24 billion, up 26% year over year. Annual revenue in 2024 was $164.5 billion. The 2025 report and fourth quarter analysis will be released after the market closes on Wednesday.

spot_img
spot_img

Hot this week

Health care company agrees to pay $22.5 million to settle claims of over billing

A health care company agreed to pay nearly $22.5...

Business association ‘disappointed’ by WA L&I’s proposed workers comp rate hike

(The Center Square) – The Association of Washington Business...

Sports betting bill still alive in Georgia House

(The Center Square) – A bill that would allow...

Sports betting expert offers advice on paying taxes for gambling winnings

(The Center Square) – Tax season is underway, and...

African and Caribbean Nations Call for Reparations for Slave Trade, Propose Global Fund

Nations across Africa and the Caribbean, deeply impacted by...

Jewish students can’t sue Northwestern over antisemitic protest response

Jewish students can't sue Northwestern University for failing to...

One year later, analysts say strategic trade preferred over tariffs

Analysts and trade experts are calling for the United...

Illinois Quick Hits: Loyola student’s alleged killer faces federal firearm charge

(The Center Square) – An 18-year-old Loyola University student’s...

Trump gives Iran 48 hours to reopen Strait of Hormuz

President Trump on Saturday gave Iran a 48-hour deadline...

Childhood Sexual Abuse Pt.2: The Role Of Mothers In The Healing Journey

Psychologist Dr. Frank Putnam continues to detail the physical...

Lawmaker criticizes surplus spending bill

(The Center Square) – A proposal aimed at helping...

Trump issues threat to Iran ahead of deadline to reopen Strait of Hormuz

President Donald Trump threatened a brutal attack on Iran...

More like this
Related

Jewish students can’t sue Northwestern over antisemitic protest response

Jewish students can't sue Northwestern University for failing to...

One year later, analysts say strategic trade preferred over tariffs

Analysts and trade experts are calling for the United...

Illinois Quick Hits: Loyola student’s alleged killer faces federal firearm charge

(The Center Square) – An 18-year-old Loyola University student’s...

Trump gives Iran 48 hours to reopen Strait of Hormuz

President Trump on Saturday gave Iran a 48-hour deadline...