TMC shares surged after the company announced a significant contract with a U.S. data center and artificial intelligence (AI) infrastructure firm for fiber optic cables. The news has positively influenced investor sentiment.
According to the Korea Exchange, as of 10:14 a.m. on May 19, TMC's stock rose by 6,900 won (29.81%) to 30,050 won compared to the previous trading day.
TMC confirmed that it has signed a supply contract worth 11 billion won (approximately $8.3 million) for fiber optic cables intended for data centers.
The company stated, "This contract represents the largest single fiber optic cable supply agreement secured in the North American data center market."
The supplied product is a single-mode MPO-8 backbone cable designed to enable long-distance, high-speed connections of 400G and above in AI and hyperscale data centers. It serves as a critical infrastructure material for ultra-fast data transmission between servers and switches within data centers, essential for next-generation AI training and inference traffic processing.
A TMC representative noted, "The total supply volume amounts to 25,000 kilometers of fiber optic cable," adding that the client is a U.S. data center and AI infrastructure specialist, with the end user confirmed to be a global cloud and data center company.
* This article has been translated by AI.
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