Business
VIAVI Expands U.S. Manufacturing Capacity and Boosts Arizona Economy With Opening of New Optical Production Facility
CHANDLER, Ariz., Nov. 17, 2022 /PRNewswire/ -- Viavi Solutions Inc. (VIAVI) (NASDAQ: VIAV) today announced it has opened its new production facility in
About this update from Viavi Solutions Inc.
[{"type":"text","content":"CHANDLER, Ariz., Nov. 17, 2022 /PRNewswire/ -- Viavi Solutions Inc. (VIAVI) (NASDAQ: VIAV) today announced it has opened its new production facility in Chandler, Arizona. The company has added to U.S. manufacturing capacity as it has grown its presence in the state, including the move of its global headquarters.\n\n \n \n \n \n \n \n\n \nSince preparations to move its global headquarters from California began in 2021, the company has already made significant contributions to the business and technology community. VIAVI President and CEO, Oleg Khaykin, has been elected to Greater Phoenix Leadership; the company has established a scholarship at the University of Arizona's Wyant College of Optical Sciences, and the company has also contributed to Chandler's reclaimed water program.\nTo mark the completion of the new production facility and global headquarters, VIAVI held a grand opening in Chandler on November 10. The plant's opening is a boon for the local economy, representing an initial capital infusion of nearly $100 million, with a further $50 million expected to be generated in payroll taxes for local and state governments following the creation of hundreds of new jobs.\nVIAVI's new production facility in Chandler features VIAVI's most modern and efficient optical coating capabilities. In seeking a new facility to operate its sophisticated equipment, the company found that Arizona provides the ideal conditions for long-term, sustainable growth including a business-friendly environment, a high quality of life at a reasonable cost, and a strong base of talent. With the world-renowned Wyant College of Optical Sciences and a rich ecosystem of optics companies, Arizona has long attracted the best and brightest of the optics industry.\nVIAVI is a global leader in network test, monitoring, and assurance solutions for communications service providers, enterprises, network equipment manufacturers, government, and avionics. The company is also a leader in light management technologies for 3D sensing, anti-counterfeiting, consumer electronics, industrial, automotive, and defense applications. VIAVI generated $1.3 billion in revenue in fiscal year 2022 and has more than 3,600 employees in 50 locations throughout North, Central and South America, Europe, Africa, the Middle East, and Asia Pacific/Japan/China.\n\"VIAVI is a global company i...