Hyosung Heavy secures $286.7 mil. in deals from US big tech firms amid chairman's AI push

Hyosung Heavy Industries Co. has secured $286.7 million in power transformer deals with two U.S. technology firms, as the company's chairman, Cho Hyun-joon, intensifies the group's push into artificial intelligence (AI) infrastructure. The Korean company will supply 765-kilovolt ultra-high-voltage transformers worth 220 billion won for an AI data center in the southern United States, and 345-kV transformers worth 166.5 billion won for another facility in the northern part of the country.

These contracts come as Hyosung Group expands its power equipment business amid surging U.S. electricity demand driven by the rapid growth of AI data centers. Cho Hyun-joon stated that Hyosung aims to become one of the world's top three players within five years by providing integrated power solutions ranging from transformers and circuit breakers to power stabilization systems, including high-voltage direct current (HVDC).

Brief written by urgent.news from The Korea Times's own syndicated text. Machine-written — may contain errors; check the original before relying on it.