Hyosung Heavy secures $286.7 mil. in deals from US big tech firms amid chairman's AI push
Hyosung Heavy Industries Co. said Tuesday it has secured 386.5 billion won ($286.7 million) in power transformer deals with two U.S. technology companies as Hyosung Group Chairman Cho Hyun-joon step ups the group's push into artificial intelligence (AI) infrastructure. The Korean company will supply 765-kilovolt (kV) ultra-high-voltage transformers worth 220 billion won for an AI data center in…
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 U.S. and 345-kV transformers worth 166.5 billion won for a facility in the northern part of the country.
This latest round of contracts comes as Hyosung Group expands its power equipment business amid surging U.S. electricity demand driven by the rapid growth of AI data centers.
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.
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