Hyosung Heavy Industries secures $277 mil. in US Big Tech orders amid AI data center boom

Hyosung Heavy Industries has secured $277 million worth of ultra-high-voltage transformer orders from two prominent U.S. Big Tech companies this month. This significant contract underscores the company's growing role as a crucial provider of power infrastructure, particularly as the rapid expansion of AI data centers unfolds. The company announced on Tuesday that the transformers will be installed at new AI data centers located in both northern and southern regions of the United States.

The total value of the orders amounts to 386.5 billion won, which breaks down to 220 billion won for 765-kilovolt transformers and 166.5 billion won for 345-kilovolt transformers. These transformers will supply electricity to the energy-intensive data center facilities. The recent agreements align with the strategic objectives of Hyosung Chairman Cho Hyun-joon, who has been working for years to establish a local production and solutions network in the U.S. Cho has likened the surge in demand for power infrastructure to a "once-in-60-years supercycle" fueled by the AI boom.

With a vision to position Hyosung Heavy Industries among the world's top three power equipment companies within five years, Cho aims to offer a comprehensive range of products, including transformers and other critical components.