Prysmian $1.25B US Fiber Investment
Analysis based on 7 articles · First reported Aug 12, 2026 · Last updated Aug 12, 2026
The investment signals strong demand for optical fiber and cable, driven by AI and data center expansion, likely benefiting Prysmian's revenue growth and market position. It also supports U.S. manufacturing and job creation, with positive implications for the telecommunications and data center supply chain.
Prysmian Group announced on August 12, 2026, a $1.25 billion investment across three U.S. sites in United States — North Carolina, United States — North Carolina, and United States — Tennessee to expand its optical fiber and cable manufacturing capacity. The investment will create approximately 600 new jobs and more than double Prysmian's U.S. fiber optic production capacity, including glass preform manufacturing. The largest portion, over $1 billion, will go to the Claremont, United States — North Carolina campus, adding 300 jobs. Additional investments include $100 million in Jackson, United States — Tennessee (100 jobs) and $80 million in Lexington, United States — North Carolina (130 jobs). This follows a $6.29 billion long-term agreement signed with Molex, a Koch, Inc. company, to supply optical cables for data centers. The expansion positions Prysmian to meet growing demand driven by AI and data center infrastructure growth.
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