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Prysmian’s deal with Molex is expected to create hundreds of jobs in the United States as the company expands optical fibre output.
Edited by Brad Randall, Broadband Communities
Cable manufacturer Prysmian has secured a 10-year deal worth up to 5.5 billion euros ($6.4 billion) with electronics firm Molex to supply high-density optical fibre for artificial intelligence data centers.
The agreement, announced July 20, includes an upfront payment of 550 million euros. Additionally, it will move Prysmian into the internal data center wiring market to feed surging demand from cloud and AI infrastructure providers, the company says.
To fulfill the deal, the Italian company plans to invest 1.25 billion euros by 2031 to expand its manufacturing footprint, more than doubling its optical fibre output in the United States. The expansion is expected to create 1,000 global jobs, including 600 in the U.S.
Prysmian CEO Massimo Battaini called the agreement a “transformative moment” for the company’s digital unit as tech firms racing to build out AI clusters drive structural upgrades to fibre networks.
Some AI tools also assisted in the crafting of this report.
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