Corning Announces New Optical Cable Manufacturing Facility Supported by AT&T and Record Industry Broadband Demand
Corning Incorporated (GLW) announced a significant expansion of manufacturing capabilities for optical cable in Gilbert, Arizona, expected to open in 2024. This facility will create approximately 250 jobs and nearly double Corning's ability to serve the U.S. cable market, driven by an ongoing partnership with AT&T (T). The investment, exceeding $500 million since 2020, aims to meet the increasing demand for fiber networks. Corning will also collaborate with AT&T to develop training programs for future technicians to address the projected need for 850,000 workers in the fiber optics sector by 2025.
- Expansion of cable manufacturing capacity in Arizona expected to create 250 jobs.
- Investment exceeding $500 million since 2020 to enhance optical fiber and cable manufacturing.
- Nearly doubling ability to serve the U.S. cable market, addressing increasing demand.
- None.
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, N.Y., Aug. 30, 2022 (GLOBE NEWSWIRE) -- Corning Incorporated (NYSE: GLW) announced today that 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
The Arizona facility, expected to open in 2024, will be the industry’s western-most U.S. manufacturing site for optical cable – allowing Corning to serve growing demand in the western U.S. and Canada.
“This investment is a significant step forward for our country and building world-class broadband networks that will help narrow the nation’s digital divide,” said AT&T Chief Executive Officer John Stankey. “This new facility will provide additional optical cable capacity to meet the record demand the industry is seeing for fast, reliable connectivity. We are also working with Corning to create training programs to equip the next generation of technicians with the skills to build the networks that will expand high-speed internet access to millions of Americans.”
Separately, AT&T announced today that it is deploying fiber internet service to the Mesa, Arizona, area, with service expected to be available to Mesa residents in 2023.
U.S. Commerce Secretary Gina Raimondo, whose agency is spearheading the national “Internet for All” initiative, will join today’s announcement at Mesa Community College. Corning and AT&T are supporting the White House’s Talent Pipeline Challenge, a program to help employers build training partnerships that connect American workers to jobs rebuilding infrastructure, supply chains, and manufacturing. Corning and AT&T have created a program to train fiber optic technicians across the industry.
To build and deploy these networks, the industry will need another 850,000 workers through 2025. Corning and AT&T created the Fiber Optic Training Program, focused on equipping thousands of technicians with the skills critical to designing, installing, and maintaining a growing fiber network. The initial class is currently underway in North Carolina, and the program aims to train 50,000 American workers over the next five years.
“We believe access to broadband means access to opportunity – from education to healthcare to quality of life,” said Corning Chairman and Chief Executive Officer Wendell P. Weeks. “Corning is doing our part to make sure everyone – regardless of where they live – has access to reliable, high-speed connections enabled by optical fiber. We are proud to continue partnering with AT&T and to expand U.S. manufacturing capacity and train the next generation of American workers – and we’re grateful for the opportunity to work with our customers and with the U.S. government to make this a reality.”
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[1] Based on the number of fiber to the home households using publicly available data.
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About Corning Incorporated
Corning (www.corning.com) is one of the world's leading innovators in materials science, with a 170-year track record of life-changing inventions. Corning applies its unparalleled expertise in glass science, ceramic science, and optical physics along with its deep manufacturing and engineering capabilities to develop category-defining products that transform industries and enhance people's lives. Corning succeeds through sustained investment in RD&E, a unique combination of material and process innovation, and deep, trust-based relationships with customers who are global leaders in their industries. Corning's capabilities are versatile and synergistic, which allows the company to evolve to meet changing market needs, while also helping its customers capture new opportunities in dynamic industries. Today, Corning's markets include optical communications, mobile consumer electronics, display, automotive, solar, semiconductors, and life sciences.
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