The new shortage could impact many businesses and homes on the transition to faster, more stable internet.
Financial Times shortage reported worldwide fiber optic wireswhich raised prices and the waiting time to receive them.
The specialized media indicate that this may affect “ambitious plans to deploy a modern telecommunications infrastructure.”
Fiber optic cables with higher prices
The report states that Europe, India and China have been the most affected by this increase.
According to analyst firm Cru Group, the price of fiber is up 70% from the low prices seen in March 2021, from $3.70 to $6.30 per kilometer of optical fiber.
However, this price increase varies by region or territory. For example, in the US the price of fiber optic wires in 2022 it grew by only 2%.
Why is there a shortage of fiber optic cables?
The main factor is the lack of helium, a key component for creating fiber optic glassdue to production problems USA D Russia.
Helium has risen in price by 135% over the past two years. Financial Times.
The Cru Group also indicates that silicon tetrachloride, another important resource, has increased by 50%.
Up to Corningthe world’s leading fiber optic cable manufacturer is concerned about this situation.
Wendell Wicks, the head of the company, says he has “never seen anything like an inflationary crisis.”
Corning it has ramped up production to meet the needs of governments, telecommunications companies, and tech giants.
Source: RPP
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.