Prior to the U.S. broadband drive, Corning will construct a new optical cable facility in Arizona

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Last Updated on August 30, 2022 by Bitfinsider

As the U.S. government proceeds to grant $42 billion to expand internet to millions of underserved Americans, Corning Inc. revealed plans to construct a new optical cable manufacturing facility in Arizona on Tuesday.

The largest U.S. fiber internet provider, AT&T, will receive supplies from the facility in Gilbert, Arizona, according to the businesses‘ chief executives in a joint interview with Reuters. The factory is scheduled to operate in 2024.

The factory, according to Chief Executive Wendell Weeks, is the most recent in a series of investments the business has made in the production of fiber and cable totaling more than $500 million since 2020 to nearly double Corning’s supply capacity. The investment came after extensive discussions with AT&T about AT&T’s demand.

According to Weeks, the Arizona plant will have 250 employees and is designed to grow as needed.

According to him, factors driving increased fiber demand include the rollout of 5G wireless networks, fiber deployment to homes, cloud computing, and government plans for broadband investments.

The Arizona facility comes after Corning announced in September 2021 that it will invest $150 million in the production of optical cables in North Carolina.

Additionally, AT&T announced on Tuesday that it would provide fiber-based broadband to more than 100,000 residences in Mesa, one of Arizona’s rapidly expanding cities.

Congress made allocated $42.5 billion for grants to help states build out their broadband infrastructure as part of a $1 trillion infrastructure bill that was passed in November 2021. Government and industry estimates place the number of American households without access to high-speed internet at 15 to 18 million.

According to officials, cash won’t likely be made available until 2023 and the Federal Communications Commissions must yet produce new maps highlighting places without internet.

To guarantee there is sufficient capacity to extend internet service, Gina Raimondo, the secretary of commerce, has been meeting with CEOs of the industrial and telecom industries, according to Reuters. She will join Stankey and Weeks on Tuesday in Arizona.

She referred to the new Arizona factory as a “victory” since it will contribute to the production of the fiber required to expand internet access while “generating more high-quality employment.”

The “Buy America” clauses in the government broadband grant program, which is overseen by the Commerce Department, compel recipients of subsidies to buy American-made goods like optical cables and transmission equipment, but they also permit exemptions. Additionally, it “prioritizes fiber connectivity initiatives”


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Disclaimer: The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, legal, tax or other advice. Investing in or trading cryptocurrency or stocks comes with a risk of financial loss.

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