Italian cable manufacturer Prysmian has signed a long-term agreement worth up to €5.5 billion ($6.4 billion) with Koch-owned electronics company Molex to strengthen its presence in the rapidly expanding data centre market, driven by rising demand for AI infrastructure.
The agreement, which will run for up to 10 years, includes a €550 million upfront payment and covers the supply of optical cables used inside data centres. Prysmian announced that the partnership forms part of a broader strategy involving agreements and commercial initiatives with hyperscalers and data centre infrastructure providers.
The company expects the agreement and related initiatives to generate more than €10 billion in additional cumulative revenue by 2035, compared with its 2025 baseline. Furthermore, Prysmian projects these initiatives will contribute up to €1.1 billion in annual revenue from 2031.
To support the growing demand for AI-powered data centres and network upgrades, Prysmian will more than double its fibre production capacity in the United States. The company plans to invest €1.25 billion through 2031 to expand its optical cable and fibre manufacturing capabilities across the U.S. and Europe.
The expansion is also expected to create more than 1,000 new jobs worldwide, including around 600 positions in the United States, reinforcing Prysmian’s long-term commitment to supporting the global digital infrastructure sector.
Commenting on the announcement, Massimo Battaini, Chief Executive Officer, Prysmian, described the investment programme and strategic agreements as a “transformative moment” for the company’s Digital Solutions business, highlighting its ambition to capitalise on the accelerating growth of AI, cloud computing, and next-generation data centre infrastructure.
