Top Korea Power Firm Revs Up US Growth Betting on AI Supercycle

South Korea’s HD Hyundai Electric is rapidly expanding in the U.S., capitalizing on soaring demand for power infrastructure driven by AI’s energy-intensive growth. The company is betting on transformers and switchgear as AI data centers and tech hubs strain power grids, creating a critical need for upgraded electrical equipment. This strategic push aligns with the "AI supercycle," where exponential computing demand is projected to double global electricity consumption for data centers by 2030. HD Hyundai Electric aims to secure a dominant U.S. market share by scaling production and partnerships, targeting key tech and industrial hubs with high energy demands. The move reflects broader industry shifts as legacy power firms pivot to support AI infrastructure, marking a high-stakes race to supply the backbone of next-gen computing.