Prysmian signs up to €5.5 billion Molex deal for optical cables inside data centers

On 20 July 2026 Prysmian said it signed an agreement with Molex worth up to €5.5 billion over up to ten years, including a €550 million upfront payment, to supply optical cables for use inside data centers. It said the deal is part of a wider set of agreements with hyperscalers and data center infrastructure providers expected to add over €10 billion of cumulative value up to 2035, and that it will spend €1.25 billion up to 2031 to more than double its US fiber capacity. Prysmian's chief executive said the fiber and cables are needed to sustain the huge funding that AI-driven infrastructure will need. We file this because Prysmian ties the deal to AI-driven data center demand in its own words. How we read it: AI data center builders are locking in cable supply years ahead. What would change this: slower data center building. Why it matters to you: it shows AI demand reaching basic supply chains.