Gaon Cable Wins ₩50 Billion Power Plant Cable Contract from US Big Tech

Gaon Cable announced on the 28th a ₩50 billion distribution cable supply contract with a US Big Tech company for their power plant project. The unnamed Big Tech firm is building the power plant to secure stable electricity for AI data centers. This marks Gaon Cable's first export of distribution cables for power plant applications, expanding the company's presence in the growing AI infrastructure market.

Gaon Cable Secures ₩50 Billion Distribution Cable Contract

Gaon Cable will supply approximately ₩50 billion worth of distribution cables to a US global Big Tech company referred to as Company A for their power plant project. The Big Tech firm is constructing the power plant to ensure stable power supply for artificial intelligence (AI) data centers. The company stated this direct contract serves as a foundation for expanded participation in future power infrastructure projects.

Gaon Cable Gunpo facility [Source: Gaon Cable]

Gaon Cable Holds ₩5 Trillion Bus Duct Supply Agreements with Big Tech Firms

Gaon Cable has expanded cooperation with global Big Tech companies through its US subsidiary LSCUS by signing long-term bus duct supply contracts exceeding ₩5 trillion in value. The company has been building relationships with multiple Big Tech firms through these infrastructure supply agreements.

Gaon Cable Projects ₩300 Billion in Exports This Year

Gaon Cable's export volume is expected to reach approximately ₩300 billion this year as AI data center and power plant cable supply operations begin in earnest. This represents a threefold increase compared to the previous year. CEO Jung Hyun stated, "The distribution market is growing rapidly alongside transmission due to the spread of AI data centers. Based on our competitiveness as the number one player in Korea's distribution cable market, we will strengthen our global market strategy by supplying both cables and power equipment together."

FAQ

What did Gaon Cable announce on the 28th? Gaon Cable announced a ₩50 billion distribution cable supply contract with a US Big Tech company for their power plant project on the 28th. This marks the company's first export of distribution cables for power plant applications.

Why is the US Big Tech company building a power plant? The US Big Tech company is building the power plant to secure stable electricity supply for artificial intelligence (AI) data centers. The project is part of the company's efforts to ensure reliable power infrastructure for AI operations.

How much are Gaon Cable's projected exports this year? Gaon Cable expects its export volume to reach approximately ₩300 billion this year, representing a threefold increase compared to the previous year as AI data center and power plant cable supply operations begin in earnest.