Prysmian has signed a 10-year agreement with Molex, a Koch Inc. company, worth up to €5.5 billion ($6.29 billion), including a €550 million ($628 million) upfront payment. The deal covers optical cable supply for data centres. The Italian cable manufacturer expects €10 billion ($11 billion) in cumulative revenues from hyperscalers and data centre infrastructure providers through 2035, reaching up to €1.1 billion ($1 billion) annually from 2031. To support this growth, Prysmian will invest €1.25 billion ($1.43 billion) through 2031 to more than double its US fibre capacity. The expansion will create over 1,000 jobs worldwide, including 600 in the United States. The company positions itself as one of only three US manufacturers of fibre and optical cables.

Prysmian, a global leader in energy and data wire and cabling solutions, has announced leadership changes in North America following record performance. The company reported €20 billion in global revenues for 2025, with North America contributing over $9 billion—40% of total sales. The restructuring follows recent acquisitions of Encore Wire and Channell, which added over 3,000 employees. Key appointments include Matt Bedell as SVP of Power Distribution, Brian DiLascia as SVP of Digital Solutions, and Patrick Jacobi as VP of Specialties. Petri Paasonen joins as VP of IT & Digital, whilst Matthew Wagner becomes VP of Corporate Affairs. The moves position Prysmian to capitalise on growing North American demand, with data centre power consumption expected to jump 175% by 2030.

Prysmian, the world's largest cable maker, is considering building a new copper mill in Texas with an investment of $100 million to $200 million, driven by surging demand from data centres and electrification. The Italian company may decide within a year on the facility at its McKinney site near Dallas, which would double or triple output. Regional head Andrea Pirondini said the company is also pursuing bolt-on acquisitions in the US, its top priority market after investing over $6 billion there in the past three years. Data centre growth is offsetting sluggish housing demand, with the sector seeing double-digit expansion. Prysmian sources most copper domestically and warned that proposed tariffs on refined copper imports would be disruptive, as the US lacks sufficient smelting capacity.