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NVIDIA takes warrants for $500m in Corning stock as fibre-optics partnership goes structural

The Next Web
Ana-Maria Stanciuc

The deal pairs a 15-million-share warrant at $180 with a pre-funded warrant for 3 million more, against a Corning commitment to build three new US optical-connectivity plants and grow capacity tenfold. Corning shares closed up roughly 14 per cent. NVIDIA is taking an equity-linked stake of $500m in fibre-optics manufacturer Corning as part of a […] This story continues at The Next Web