Sterlite Technologies to Invest Up to $100 Mn in US Expansion
The company added that the proposed investment is expected to generate between 400 and 500 jobs in the United States.
Sterlite Technologies plans to invest up to $100 million in the United States to expand its manufacturing capabilities for AI data centres and telecom customers, the company announced.
The announcement was made during the SelectUSA Investment Summit held in Maryland, a federal programme aimed at promoting the US as a global investment destination and facilitating business expansion and job creation.
According to the company, the investment will focus on strengthening production of connectivity solutions, including terminated optical fibre cables, to meet growing demand from AI-driven infrastructure and high-speed telecom networks.
“Sterlite Technologies Ltd (STL) announced to invest up to USD 100 million in the United States to offer connectivity solutions, including terminated optical fibre cables. This investment is expected to strengthen its manufacturing capacity for AI data centres and telecom customers in the US," the company said in a statement.
STL said it already has agreements with major US customers to support their optical connectivity and data centre requirements, reflecting rising demand for high-speed digital infrastructure as artificial intelligence adoption accelerates.
The company added that the proposed investment is expected to generate between 400 and 500 jobs in the United States.
The move comes amid increasing investments by technology and telecom companies in fibre connectivity and data centre infrastructure to support the rapid growth of AI workloads and cloud computing services.
