Gaon Cable has accelerated its entry into the U.S. market by supplying power cables for artificial intelligence (AI) data centers for the first time. On June 4, the company announced it will provide approximately 35 billion won worth of cables for the power network of an AI data center through a U.S. power infrastructure supplier.
This marks Gaon Cable's inaugural entry into the AI data center power network market. Fueled by increased global investment in AI data centers, the company expects its related sales to reach 100 billion won this year.
Previously, Gaon Cable supplied around 100 billion won worth of cables annually for the construction of power networks at U.S. solar power plants. With the addition of the AI data center power network orders, Gaon Cable's exports to the U.S. are projected to rise to about 200 billion won this year.
The growth of Gaon Cable's U.S. subsidiary, LSCUS, has also been rapid. LSCUS recently secured a long-term supply contract worth approximately 4 trillion won with major global tech companies for busducts. Busducts consist of insulated copper and aluminum conductors housed within a modular metal casing, significantly enhancing space efficiency compared to traditional cables.
As a result, Gaon Cable has established a business structure capable of simultaneously supplying external power cables for AI data centers and internal power distribution busducts.
Jung Hyun, CEO of Gaon Cable, stated, "We plan to cultivate the AI power infrastructure market in the U.S. as a core growth area, and we expect to achieve our highest-ever performance this year in line with the expansion of the AI data center and renewable energy power network markets."
* This article has been translated by AI.
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