{
  "id": 7445987,
  "title": "Hyosung Heavy secures 386.5 bln-won in deals from U.S. big tech firms amid chairman's AI push",
  "url": "https://urgent.news/2026/09/15/hyosung-heavy-secures-386-5-bln-won-in-deals-from-u-s-big-tech-firms",
  "topic": "business",
  "section": "Business",
  "published": "2026-09-15T02:09:47.000Z",
  "source": {
    "name": "Yonhap News",
    "slug": "yonhap-news",
    "url": "https://en.yna.co.kr/view/AEN20260915002800320"
  },
  "original_language": "en",
  "account": null,
  "summary": "Hyosung Heavy Industries Co. has secured 386.5 billion won in power transformer deals with two U.S. technology firms, as the company's chairman pushes for AI infrastructure development. The contracts involve supplying 765-kilovolt ultra-high-voltage transformers for an AI data center in the southern U.S. and 345-kV transformers for another facility in the north. This move comes as the U.S. electricity demand grows due to the rapid expansion of AI data centers, pushing the industry into a supercycle for the first time in 60 years. Hyosung aims to become one of the world's top three players in power solutions within five years, with a focus on transformers, circuit breakers, power stabilization systems, HVDC, STATCOM, and energy storage systems. The company has also expanded its local production base in North America, with an ongoing expansion of its transformer plant in Memphis, Tennessee, and established a joint venture with Quanta to produce ultra-high-voltage circuit breakers locally.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}