Corning says it will build a new manufacturing facility outside Phoenix in response to a spike in demand for fiber-optic cable as the U.S. government ramps up a $42.5 billion internet funding program.
A Corning fiber optic access point in 2017. Photo: Victor J. Blue/Bloomberg via Getty Images
Corning said the investment is supported by customer commitments, including from "anchor customer" AT&T, which is also working with Corning on a fiber optic technician training program. "The largest and lowest cost manufacturing facilities for fiber in the world are located in the U.S., in North Carolina — and both belong to Corning," Corning chairman and CEO Wendell Weeks told Axios.Corning, the 170-year-old company best known for glass, is poised to get a big boost in broadband business. It's the largest U.S. manufacturer of fiber optic cable at a time when U.S. law requires providers to use domestic-made products to receive federal funding.
"We all agree that we should aspire to a 'buy American' axiom," USTelecom Association president Jonathan Spalter told Axios. "In practical terms, in the broadband sector, the number of suppliers is highly limited."AT&T is focusing on a fiber-first strategy for its expansion plans, with a goal of reaching 30 million locations with fiber by 2025.
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