Prysmian signs $6.29bn optical cable supply agreement with Molex

Type: Supply Agreement · Technology: Telecom · Country: United States · Value: $6.29B · Announced: 2026-07-21

Prysmian Group signed a $6.29bn supply agreement with Molex to provide optical cables for data center deployments. The contract, lasting up to ten years, includes an upfront €550 million payment and will support the rollout of high‑density fiber in data centers across the United States and Europe. Prysmian plans to more than double its fiber capacity in the U.S., allocating €1.25bn through 2031 and creating over 1,000 new jobs globally. The deal is part of a broader set of initiatives with hyperscalers that could generate an additional €10bn of revenue by 2035, underscoring the growing demand for high‑speed connectivity in AI‑driven data center architectures. By leveraging its expertise in both power and telecom cables, Prysmian aims to strengthen its position in the digital solutions market while Molex expands its U.S. footprint for data center connectivity.

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