Gaon Cable has begun supplying power distribution cables to SK Hynix's Yongin semiconductor cluster, marking an expansion in its semiconductor power infrastructure business.
On July 15, Gaon Cable announced it has supplied hundreds of millions of won worth of power distribution cables to the Yongin semiconductor cluster.
This supply extends Gaon Cable's reach to the Yongin cluster, following its existing operations in Icheon and Cheongju. The company plans to actively target the demand for new semiconductor fab construction, expansion of existing production facilities, and replacement of aging equipment.
Power distribution cables are essential equipment that reliably supply electricity to production lines and process facilities. Semiconductor plants require large amounts of power 24/7, creating consistent demand not only for new factory construction but also for expansions and maintenance.
Gaon Cable is currently negotiating additional supplies worth hundreds of millions of won for the second half of the year and is also pursuing participation in a power infrastructure project for semiconductor production facilities being developed by a U.S. company.
Industry experts anticipate that as investments in AI semiconductors increase, the demand for power cables and transformers will grow alongside the establishment and expansion of semiconductor factories both domestically and internationally.
Jung Hyun, CEO of Gaon Cable, stated, "Semiconductor production facilities are massive power infrastructure sites. Based on our domestic supply experience, we will expand our business into the global semiconductor power infrastructure market, including the United States."
* This article has been translated by AI.
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