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Molex Agrees to $6.29B Data-Center Cable Deal with Prysmian

Wall Street Journal US Business •
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The deal doubles Prysmian’s fiber capacity in the U.S. Koch‑owned Molex agreed to purchase up to 6.29 billion euros of data‑center cables from Italy’s Prysmian, which will bolster its U.S. fiber supply.\n\nThe 10‑year agreement is part of a series of new contracts that could add more than 10 billion euros ($11.44 billion) in incremental value through 2035, Prysmian said. Molex will pay an upfront 550 million euros, with the total cap at 6.29 billion euros.\n\nPrysmian plans to invest 1.25 billion euros up to 2031 to expand production at U.S. and European plants, doubling its optical‑cable capacity. The expansion is expected to create over 1,000 jobs, with 600 in the U.S.\n\nThe partnership underscores Prysmian’s strategy to secure long‑term supply chains for data‑center infrastructure while enhancing its global footprint.