Additional U.S. manufacturing capabilities will create American jobs to meet multi-year wave of growth for fiber-based networks and help connect the unconnected.
Corning Incorporated (NYSE: GLW) announced today it is expanding manufacturing capacity for optical cable, based on a long-term relationship with AT&T (NYSE:T), the nation’s largest fiber internet provider1, as the carrier expands its fiber service. Corning will build a new cable manufacturing facility in Gilbert, Arizona, located in the Greater Phoenix region, adding approximately 250 jobs and extending Corning's strategic investments in optical fiber, cable, and connectivity solutions to meet record demand.
The new facility is Corning’s latest in a series of investments in fiber and cable manufacturing totaling more than $500 million since 2020. These investments, supported by customer commitments, nearly double Corning's ability to serve the U.S. cable market and connect more people and communities. Public and private investments in broadband, 5G, and the cloud are accelerating a large, multi-year wave of growth for fiber-based networks—and Corning, as the world leader in passive optical communications, is uniquely positioned to support these network builds.
“We are at the beginning of the largest fiber optics investment cycle in history as our nation works to build the critical broadband infrastructure of the future,” said Gary Bolton, president and CEO at the Fiber Broadband Association. “Today’s announcement by Corning is significant for our industry as it helps address the record demand for optical cable, as the industry comes together to build and deploy the future-ready fiber networks that will bring reliable, affordable high-speed internet to more Americans, regardless of where they live. Importantly, the capacity being added by Corning will be in place in time to support network buildouts funded by the federal government’s $42.45 billion Broadband Equity, Access, and Deployment (BEAD) program.” -- Gary Bolton, President and CEO, Fiber Broadband Association