Core Insights - LS Cable & System is investing an additional $689 million to establish a manufacturing campus in Chesapeake, Virginia, which will enhance domestic supply chains and create 430 jobs [4][8] - The facility will focus on advanced manufacturing capabilities, including rod production from recycled copper, magnet wire manufacturing, and rare-earth magnet production for various applications [3][8] - The project aims to reduce reliance on Chinese suppliers by establishing a domestic supply chain for magnetic copper wire and rare earth magnets [8] Investment and Economic Impact - The investment builds on a previous $680 million project for a high-voltage direct current submarine cable manufacturing facility, which is expected to be operational by Q1 2028 [4][5] - Virginia's Governor approved a $7.3 million grant and a performance-based grant of $1.5 million to support the new project [6] - The Virginia Talent Accelerator program will assist in job creation by providing training and recruitment tailored to the company's needs [7]