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Bond Market News
Meta Signs ~$6bn Fiber Deal with Corning
January 28, 2026
Meta Platforms will pay Corning up to $6bn under a deal running through 2030 to supply fiber optic cables and connectivity products for its AI data centers. Corning’s optical connectivity products are among key components required to support the massive computing and data transmission demands at data centers. Corning will expand manufacturing capacity in North Carolina, with Meta as an anchor customer, supporting job growth and domestic supply chains. Meta has been spending aggressively on building out data center infrastructure as it races to roll out competitive AI technologies. The agreement with Corning also builds on tech giants’ push to beef up domestic manufacturing capacity under President Donald Trump’s administration.
Dollar bonds of both companies were stable. Corning’s 7.25% 2036s traded at 101.85, yielding 7.01% to maturity while Meta’s 4.55% 2031s traded at 101.5, yielding 4.24%.
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