# LS Cable & System building $727M subsea cable plant in Chesapeake, Virginia

LS Cable & System is constructing a new subsea cable manufacturing plant in Chesapeake, Virginia, with a $727 million investment. The Export-Import Bank of Korea is providing $218 million in financing. The facility will produce 500 km of HVDC subsea cable annually and is scheduled for completion in the second half of 2027.

- Type: New facility
- Announced: 2026-08-24
- Where: Chesapeake, Virginia, United States
- Value: $727.0M
- Starts operating: Q3 2027
- Status: under construction
- Capacity: 500 km of HVDC subsea cable per year
- Products: HVDC subsea cable
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [LS Cable & System](https://endata.com/companies/21025.md)
- [Export-Import Bank of Korea](https://endata.com/companies/93886.md) (investor)

## Sources

- [switchgear-magazine.com](https://switchgear-magazine.com/news/business/eximbank-backs-ls-cables-us-subsea-plant/), 2026-08-24: "As power infrastructure becomes increasingly critical in the AI era, the market is expected to grow rapidly."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.