Gaon Cable makes first supply to US AI data center power grid

Gaon Cable will supply transmission cables to a power grid serving an AI data center in the United States.

The company announced Thursday it will deliver cables worth approximately 35 billion won ($25.4 million) through a US power infrastructure supplier for use in an AI data center power grid — its first entry into that market. Gaon Cable expects related sales to reach around 100 billion won this year.

The company already supplies roughly 100 billion won worth of cables annually for solar power complex grid projects in the United States. With the AI data center power grid market now opening up, its total US exports are expected to grow to around 200 billion won this year.

Its US subsidiary LSCUS has also been cementing its position as a key player in the American AI data center power infrastructure market, recently securing long-term busduct supply contracts with major tech companies worth a combined total exceeding 5 trillion won.

With these developments, Gaon Cable has built a business structure capable of supplying both external transmission cables for AI data centers and internal busducts for power distribution.

"We plan to strengthen our business base in the United States and develop the AI power infrastructure market as a core growth driver," CEO Jang Hyeon said. "We expect to achieve record earnings this year, in line with the expanding markets for AI data center and renewable energy power grids."

Meanwhile, Gaon Cable posted consolidated sales of 763.6 billion won and operating profit of 27.8 billion won in the first quarter of this year, up 19.4 percent and 27.2 percent, respectively, from a year earlier.