Hyosung Heavy Industries secures $277 mil. in US Big Tech orders amid AI data center boom
Hyosung Heavy Industries has secured 386.5 billion won ($277 million) worth of ultra-high-voltage transformer orders from two major U.S. Big Tech companies this month, strengthening its position as a key power infrastructure supplier amid the rapid expansion of artificial intelligence (AI) data centers. The company said Tuesday that the transformers will be installed at newly built AI data…
Hyosung Heavy Industries has secured 386.5 billion won, equivalent to $277 million, in orders for ultra-high-voltage transformers from two prominent U.S. technology firms this month. This strategic acquisition bolsters the company's standing as a vital power infrastructure provider amidst the explosive growth of artificial intelligence data centers.
The transformers, valued at 220 billion won for 765-kilovolt units and 166.5 billion won for 345-kilovolt transformers, will be deployed at newly constructed AI data centers situated in the northern and southern regions of the United States.
These recent deals underscore the efforts of Hyosung Chairman Cho Hyun-joon, who has been working diligently over the years to cultivate a robust local production and solutions network in the United States. Cho has likened the surge in demand for power infrastructure to a "once-in-60-years supercycle" fueled by the artificial intelligence revolution.
As part of his ambitious vision, he aims to position Hyosung Heavy Industries among the top three power equipment companies globally within a span of five years. This goal hinges on offering a comprehensive range of products, including transformers and cutting-edge solutions.
Written by urgent.news from The Korea Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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