Fiber-based networks make up the majority of the Internet backbone. Submarine cables of fiber optics These fiber optic cables, stretching thousands of kilometers, connect continents and exchange data at nearly the speed of light. Meanwhile, the massive data centers that host all our cloud-based applications also rely on fiber connections. Increasingly, these fiber connections are reaching people's homes directly, providing them with fast and reliable internet. However, only 43% of American households have access to a fiber internet connection.
The Bipartisan Infrastructure Act, passed in November 2021, promises to close this digital divide, with $65 billion dedicated to expanding broadband internet access to all Americans. This government support, along with a number of other factors, has led to a surge in demand for fiber optic products.
To understand the technology behind fiber optic internet and how it's changing the fiber optic product market, CNBC visited Corning's fiber optic and cable manufacturing facility in North Carolina. Most famous as the maker of Gorilla Glass for iPhones, CorningIt is also the world's largest producer of optical fiber by manufacturing capacity and market share, as well as the largest fiber optic cable manufacturer in North America. In the second quarter of 2022, Corning revealed that its optical communications business was its largest segment by revenue, reaching sales of $1.3 billion.
Post time: Dec-02-2022
