Gaon Cable has announced its first export of power distribution cables to a major U.S. tech company.
On July 28, Gaon Cable revealed that it will supply approximately 50 billion won worth of distribution cables for a power plant project by a global tech firm, referred to as Company A. This initiative is part of the client's efforts to establish its own power plant to ensure a stable power supply for its artificial intelligence (AI) data center.
Gaon Cable has been collaborating with global tech companies through its U.S. subsidiary, LSCUS, securing long-term supply contracts for bus ducts worth over 5 trillion won for AI data centers. This latest order marks a significant expansion of Gaon Cable's business into the power source construction sector.
The scale of exports to the U.S. is expected to increase significantly. With the commencement of supply for cables for AI data centers and power plants this year, Gaon Cable's exports to the U.S. are projected to surge to about 300 billion won, nearly three times the amount from the previous year.
Jung Hyun, CEO of Gaon Cable, stated, "The expansion of AI data centers is driving rapid growth in both transmission and distribution markets. Leveraging our position as the leading player in the domestic distribution cable market, we will strengthen our supply system encompassing cables and power equipment to enhance our global market presence."
* This article has been translated by AI.
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