Corning announces it is expanding its longtime collaboration with AT&T (T)
The two companies will work together to extend investments in fiber infrastructure, expand U.S. broadband networks, and accelerate 5G deployment. Based on AT&T's long-term commitment to its network buildout, Corning is investing $150 mln in optical cable manufacturing in North Carolina, initially adding 200 jobs.
This announcement is the latest example of how Corning is driving transformation across its markets through its leadership in glass and ceramic science, optical physics, and its proprietary manufacturing platforms. Corning's value creation model enables the invention of breakthrough products, while leveraging an existing, scalable footprint. When demand exceeds capacity, Corning captures new growth opportunities through strategic investments in innovation and technology -- de-risking these investments with strong customer commitments.
AT&T has previously announced plans to significantly expand its fiber footprint. Today's announcement spotlights AT&T's commitment to meet that objective while supporting American manufacturing jobs.