ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

Nokia expands manufacturing in U.S. to fiber broadband optical modules for BEAD program

Nokia expands manufacturing in U.S. to fiber broadband optical modules for BEAD program

  • Nokia partners with Fabrinet to manufacture its next generation multi-rate optical modules for Optical Line Terminals (OLTs)in the U.S. at its Santa Clara facility in California
  • Production of Nokia’s fiber-optic modules to begin in 2024, bringing high-tech innovation and additional jobs to the country
  • Manufacturing of optical modules builds on the announcement by Nokia to produce fiber-optic broadband network electronics products in Kenosha, Wisconsin.

16 August, 2023

Santa Clara, California – Nokia today announced that it is the first telecom vendor to manufacture fiber broadband optical modules in the U.S. for use in the Broadband Equity, Access and Deployment (BEAD) program. Partnering with Fabrinet, a global manufacturer of highly precise optical products, Nokia will produce multi-rate optical modules at Fabrinet’s state-of-the-art facility in Santa Clara, California. Production will start in 2024 and brings additional high-tech jobs to the country. The announcement builds on Nokia’s previous decision to produce fiber-optic broadband network electronic products in Kenosha, Wisconsin.    

Optical modules are a key high-tech component of fiber broadband networks. They convert electrical signals into light and vice versa, and are essential for connecting homes to high speed, multi-gigabit broadband. By manufacturing these optical modules in the U.S., Nokia continues to expand its list of products and solutions for networks rollouts using BEAD or other funding. States and infrastructure players seeking to participate in BEAD and the $42.45bn of available funding allocated for broadband rollouts to unserved and underserved communities are required to use equipment manufactured in the U.S..

Operators seeking to leverage BEAD funding to bridge the digital divide now have access to the latest cutting-edge technology for their deployments. Today, more than 70 percent of fiber broadband lines in North America are powered by Nokia. Using multi-rate optical modules and products allows operators to easily upgrade speeds from 1 Gig to Multi-Gig. Combined with Nokia’s award-winning 25G solutions and research into 100G technology, this ensures that operators are building fiber networks that will meet user requirements for generations to come.

Sandy Motley, President of Fixed Networks at Nokia, said: “Many in the industry have said that manufacturing optical modules in the U.S. was impossible. Today, we’re proving it can be done. Working alongside the Department of Commerce and Fabrinet, we’re excited to add optical modules to the list of technology solutions that will be produced here in the U.S. and become available to programs like BEAD which are so critical to bridging the digital divide.”

Harpal Gill, President and COO of Fabrinet, said: “Fabrinet specializes in manufacturing complex, precision optical and electro-optical products used in telecommunications networks and data centers. As a trusted partner of the world’s most demanding OEMs, we are excited to help bring the production of Nokia’s optical modules to the U.S. and support their efforts to bridge the digital divide. We’re pleased to partner with Nokia in order to help provide high-speed fiber broadband access to more people, homes and communities.”

Resources and additional information

About Nokia
At Nokia, we create technology that helps the world act together.

As a B2B technology innovation leader, we are pioneering networks that sense, think and act by leveraging our work across mobile, fixed and cloud networks. In addition, we create value with intellectual property and long-term research, led by the award-winning Nokia Bell Labs.

Service providers, enterprises and partners worldwide trust Nokia to deliver secure, reliable, and sustainable networks today – and work with us to create the digital services and applications of the future.

Media Inquiries
Nokia Communications
Email: Press.Services@nokia.com
        

Follow us on social media
LinkedIn Twitter Instagram Facebook YouTube


Primary Logo

Recent Quotes

View More
Symbol Price Change (%)
AMZN  242.96
+3.66 (1.53%)
AAPL  270.01
+10.53 (4.06%)
AMD  246.27
+9.54 (4.03%)
BAC  54.03
+0.83 (1.56%)
GOOG  344.90
+6.37 (1.88%)
META  706.41
-10.09 (-1.41%)
MSFT  423.37
-6.92 (-1.61%)
NVDA  185.61
-5.52 (-2.89%)
ORCL  160.06
-4.52 (-2.75%)
TSLA  421.81
-8.60 (-2.00%)
Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the Privacy Policy and Terms Of Service.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.