Gaon Cable announced on June 18 that it has supplied hundreds of billions of won worth of transmission cables for solar power plants in the United States.
In recent months, the U.S. has been expanding investments in new power sources and transmission networks to address electricity shortages driven by rising demand from artificial intelligence (AI) data centers.
Industry experts expect that demand will continue to grow as investments in AI and energy infrastructure increase under the U.S.-Korea Strategic Investment Special Act.
Gaon Cable is accelerating its entry into the U.S. market by recently starting to supply cables for AI data center power networks, in addition to its work with solar power plants. The company projects that its exports to the U.S. will rise from approximately 100 billion won last year to about 200 billion won this year, more than doubling.
The growth of Gaon Cable's U.S. subsidiary, LSCUS, is also continuing. LSCUS has secured long-term supply contracts for busducts worth over 5 trillion won with major global tech companies and is expanding its client base to include generative AI firms. Busducts are structured with flat copper and aluminum conductors insulated and housed within modular metal cases, significantly enhancing space efficiency.
Jung Hyun, CEO of Gaon Cable, stated, "Products related to AI data centers and renewable energy have higher added value compared to general industrial products, contributing to improved profitability. We plan to continue enhancing our business portfolio with a focus on high-value products."
* This article has been translated by AI.
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