Infinera Announces Suite of ICE-X Coherent Pluggables and Compound Semiconductor Components to Comply with Buy America Requirements
SAN JOSE, Sept. 12, 2023 (GLOBE NEWSWIRE) -- Infinera (NASDAQ: INFN) announced today its plan to make available to its customers ICE-X intelligent coherent pluggables and compound semiconductor components that will be manufactured in the U.S. and compliant with the Build America, Buy America requirements recently released by the Commerce Department for the Broadband Equity, Access, and Diversity (BEAD) program. Leveraging its domestic optical compound semiconductor fabrication facility in California and advanced testing and packaging facility in Pennsylvania, Infinera’s coherent optical solutions enable network operators to efficiently scale their networks, driving down cost per bit and power per bit while helping them meet Build America, Buy America requirements. Infinera’s U.S.-based semiconductor production also provides improved supply chain security and resiliency.
Optical semiconductor technology provides high-speed connectivity solutions, is a cornerstone of telecom infrastructures that power the internet, and is critical for consumer and business services and applications. These services and applications include wide-area networking, enhanced broadband, 5G, artificial intelligence infrastructure, national defense, inter- and intra-data center connectivity, and new emerging services.
Infinera’s suite of vertically integrated ICE-X intelligent coherent pluggables, based on the optical compound semiconductor indium phosphide, provide network operators the performance, scale, and efficiency critical to drive down network operating costs and to enhance service agility. These solutions are a critical part of network infrastructure and are optimized for metro, middle-mile, and access and aggregation networks that enable operators to expand their broadband infrastructures while helping them address Build America, Buy America requirements for the BEAD program.
“Infinera is a global leader in the development and production of advanced optical semiconductors, operating one of the most advanced U.S.-based compound optical semiconductor fabrication facilities for monolithically integrated photonic integrated circuits. We remain committed to investing in and keeping optical semiconductor fabrication in the U.S.,” said David Heard, Infinra CEO. “By leveraging our vertically integrated U.S.-based development, fabrication, and manufacturing capabilities, we can do our part to enhance national security and improve supply chain resiliency for important semiconductor technologies.”
Infinera and the Infinera logo are registered trademarks of Infinera Corporation.
This press release contains forward-looking statements, including but not limited to Infinera’s plans to make available to its customers ICE-X intelligent coherent pluggables and compound semiconductor components that will be manufactured in the U.S. and compliant with the Department of Commerce’s Build America, Buy America requirements, and the financial and performance benefits of Infinera’s ICE-X intelligent coherent pluggables.. These statements are not guarantees of results and should not be considered as an indication of future activity or future performance. Actual results may vary materially from these expectations as a result of various risks and uncertainties. Information about these risks and uncertainties, and other risks and uncertainties that affect Infinera’s business, is contained in the risk factors section and other sections of Infinera’s Quarterly Report on Form 10-Q for the Fiscal Quarter ended July 1, 2023 as filed with the SEC on August 9, 2023, as well as any subsequent reports filed with or furnished to the SEC. These reports are available on Infinera’s website at www.infinera.com and the SEC’s website at www.sec.gov. Forward-looking statements include statements regarding our expectations, beliefs, intentions or strategies and can be identified by words such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “should,” “will,” and “would” or similar words. Infinera assumes no obligation to, and does not currently intend to, update any such forward-looking statements.
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