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Photo courtesy of Yonhap News |
[Alpha Biz= Kim Jisun] Gaon Cable has secured a contract to supply busduct systems for data centers to a U.S.-based generative AI company, marking a significant step into the fast-growing AI infrastructure market.
The company announced on June 9 that its U.S. subsidiary, LSCUS, recently signed a deal worth approximately 60 billion won (about $45 million). Industry sources indicate the client is OpenAI.
This follows Gaon Cable’s recent expansion into global big tech supply chains, including a large-scale agreement with Meta Platforms and additional supply arrangements with Google and Amazon.
Busduct systems—metal-based power distribution solutions—are essential infrastructure for AI data centers, enabling the safe and efficient transmission of large volumes of electricity. As AI facilities require massive energy consumption—often comparable to that of a gigawatt-scale power plant—advanced power distribution systems have become critical.
The global busduct market has traditionally been dominated by European players such as Siemens and Schneider Electric. However, surging demand driven by rapid AI data center expansion, particularly in the United States, has created supply constraints, opening opportunities for new entrants.
Industry estimates suggest the global busduct market could grow to approximately 23 trillion won by 2028, as demand for AI infrastructure continues to accelerate.
Gaon Cable stated that expanding its client base from traditional big tech firms to generative AI companies represents a meaningful milestone in its global growth strategy.
Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)
