Industrial engine and power equipment specialist Hyein is experiencing a surge in stock prices following the announcement of its contract for the construction of an AI data center in Pohang. As of 2:55 PM on the Korea Exchange, Hyein's shares rose by 2,410 won (29.98%) to 10,450 won.
The significant increase in Hyein's stock is attributed to the news of the AI data center contract. The company disclosed that it has secured a contract worth 46.356 billion won for the construction of the Pohang AI data center.
This contract represents 19.18% of Hyein's revenue from the previous year, with the contract period extending until November 9 of next year. Hyein plans to supply Caterpillar emergency generators for the AI data center being developed by NeoAI Cloud.
Caterpillar emergency generators are critical for facilities such as data centers, general hospitals, semiconductor factories, and broadcasting stations, ensuring a continuous power supply in case of outages.
Hyein explained that it was selected as a supplier due to its established supply chain and technical support as a Caterpillar dealer, which were recognized during the evaluation process by NeoAI Cloud based on performance, supply reliability, and brand trust.
Market analysts expect that this project will enable Hyein to significantly expand its business related to AI data centers. As investments in AI data centers increase, the demand for emergency generators is also projected to rise continuously.
The significant increase in Hyein's stock is attributed to the news of the AI data center contract. The company disclosed that it has secured a contract worth 46.356 billion won for the construction of the Pohang AI data center.
This contract represents 19.18% of Hyein's revenue from the previous year, with the contract period extending until November 9 of next year. Hyein plans to supply Caterpillar emergency generators for the AI data center being developed by NeoAI Cloud.
Caterpillar emergency generators are critical for facilities such as data centers, general hospitals, semiconductor factories, and broadcasting stations, ensuring a continuous power supply in case of outages.
Hyein explained that it was selected as a supplier due to its established supply chain and technical support as a Caterpillar dealer, which were recognized during the evaluation process by NeoAI Cloud based on performance, supply reliability, and brand trust.
Market analysts expect that this project will enable Hyein to significantly expand its business related to AI data centers. As investments in AI data centers increase, the demand for emergency generators is also projected to rise continuously.
* This article has been translated by AI.
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