Gaon Cable Secures US AI Data Center Power Contracts

Gaon Cable's U.S. unit LSCUS secured multiple AI data center power contracts in 2026, including a five-year busduct supply agreement potentially worth up to 4 trillion won ($2.7 billion) with an unnamed U.S. technology company, linked by some reports to Meta. The company also signed contracts for medium-voltage grid cables and a busduct deal with a generative AI company, with combined busduct contracts totaling about 5 trillion won ($3.3 billion). CEO Jung Hyun expects record-high 2026 results as AI data center and renewable power grid businesses expand.

Gaon Cable Secures US AI Data Center Power Contracts Gaon Cable's U.S. unit LSCUS has secured a series of AI data center power contracts in 2026. UPI reports a five-year busduct supply agreement potentially worth up to 4 trillion won about $2.7 billion with an unnamed U.S. technology company, with initial deliveries this year worth about 50 billion won $34 million . KEDglobal links one busduct award to Meta's AI data centers; UPI identifies the buyer only as an unnamed U.S. technology company. The Elec reports Gaon also signed a 35 billion won contract in early June to supply medium-voltage grid cables to U.S. AI data centers via a U.S. infrastructure partner, and on June 9 LSCUS secured its first busduct deal for a generative AI company's data center, worth about 60 billion won . Combined busduct contracts with major U.S. tech customers now total about 5 trillion won roughly $3.3 billion . CEO Jung Hyun expects record-high 2026 results as both the AI data center and renewable power grid businesses expand. What happened Gaon Cable's U.S. subsidiary LSCUS has accumulated a series of AI data center power contracts in 2026. UPI and KEDglobal reported on May 18 that Gaon signed a five-year busduct supply agreement potentially worth up to 4 trillion won about $2.7 billion with a large U.S. technology company, with initial deliveries this year valued at about 50 billion won about $34 million . KEDglobal named the customer as Meta ; UPI identified only "an unnamed U.S. technology company." On June 5, The Elec reported that LSCUS signed its first contract to supply about 35 billion won in medium-voltage MV grid cables to U.S. AI data centers through a U.S. infrastructure partner, and confirmed that LSCUS's combined busduct contracts with major U.S. tech customers total about 5 trillion won roughly $3.3 billion . Then on June 9, The Elec reported that LSCUS secured its first busduct supply deal for a generative AI company's data center - a separate customer class from established big tech hyperscalers - with that contract worth about 60 billion won . Technical context A busduct is an enclosed modular power distribution system in which copper or aluminum conductors are wrapped with insulating materials and housed inside metal enclosures, used to distribute high-current electricity inside data center buildings. Medium-voltage grid cables carry power from the utility grid to the campus boundary. Gaon Cable now supplies both product families, covering the full external-to-internal power delivery path for AI data centers. Financial scale The Elec reports that Gaon currently supplies about 100 billion won $66 million annually in cables for U.S. solar power grid construction. With the AI data center grid cable business added, the company expects U.S. cable exports to reach about 200 billion won roughly $132 million in 2026. LSCUS posted about 135 billion won in Q1 2026 sales, up more than 20% year-over-year. CEO Jung Hyun said the company expects record-high results this year as both the AI data center and renewable energy power grid markets expand. Industry context Companies supplying both grid-feed cables and internal busduct systems occupy a narrow but critical segment of the AI data center supply chain, because power capacity and distribution are physical constraints for hyperscale GPU deployments. The June 9 deal with a generative AI company - distinct from the earlier big tech contracts - signals that demand for power infrastructure is reaching earlier-stage AI-focused customers, widening the addressable market. What to watch The buyer identity for the largest busduct contract remains unresolved: UPI cites an unnamed U.S. technology company while KEDglobal names Meta. Observers should also track manufacturing location; initial supply is expected to come from LS Cable & System's Indong plant in Gumi, South Korea, with a Mexico facility scheduled for completion in 2026, which would reduce lead times for U.S. delivery. Scoring Rationale Gaon Cable's multi-billion-dollar AI data center power contracts are relevant to AI infrastructure practitioners as a concrete signal of the physical supply chain scaling up to support GPU buildouts. The story is commercially significant but is primarily a supply-chain and contract announcement rather than a model, research, or regulatory development, placing it in the solid-but-niche range for the LDS audience. Practice interview problems based on real data 1,500+ SQL & Python problems across 15 industry datasets — the exact type of data you work with. Try 250 free problems /problems