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 has secured $286.7 million in power transformer deals with two U.S. tech firms, as the group's chairman, Cho Hyun-joon, intensifies the company's focus on artificial intelligence infrastructure. The Korean company will supply 220 billion won worth of 765-kilovolt ultra-high-voltage transformers for an AI data center in the southern U.S. and 166.5 billion won worth of 345-kilovolt transformers for another facility in the northern region.
This latest contract comes amid growing demand for power infrastructure in the AI era, with the industry entering a supercycle for the first time in 60 years, according to Cho Hyun-joon. Hyosung aims to become one of the world's top three players in five years by providing integrated power solutions, including transformers, circuit breakers, and high-voltage direct current systems.
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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