Fiber optic technology powers the web, and it’s a big business

Fiber-based networks make up the majority of the web’s spine. Fiber-optic subsea cables spanning 1000’s of miles join continents collectively, exchanging information at practically the velocity of sunshine. Meanwhile, the large information facilities that host all of our cloud-based functions additionally depend on fiber connections. Increasingly, these fiber connections are making their method instantly into peoples’ houses, offering them with quick, dependable web. But, solely 43% of U.S. households have entry to a fiber web connection.

“In some instances, particularly in rural areas and very challenging geographies, it can be prohibitively expensive to to deploy fiber and it can be very expensive for households to pay for it,” says Julija Jurkevic, a senior analysis analyst at S&P Global Market Intelligence.

The Bipartisan Infrastructure Law that handed in November 2021 guarantees to bridge this digital divide, with $65 billion devoted to increasing entry to broadband web to all Americans. Such authorities help, together with a variety of different components, have prompted a spike in the demand for fiber merchandise.

To perceive the technology behind fiber-optic web and how the marketplace for fiber merchandise is altering, CNBC visited Corning’s optical fiber and cable manufacturing services in North Carolina. Most well-known as the maker of Gorilla Glass for iPhones, Corning can be the world’s largest producer of optical fiber by manufacturing capability and market share, in addition to the largest producer of fiber cable in North America. In Q2 2022, Corning disclosed that the optical communications business was its largest phase by income, reaching gross sales of $1.3 billion.

Watch the video to search out out extra.

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