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Korean cable makers are increasing their output rapidly to meet the soaring global demand amid the need to replace worn-out equipment and construct more data centers worldwide due to the popularity of generative artificial intelligence, according to industry officials, Monday.
Shares of wire and cable manufacturers are on the rise, driven by the accelerated growth of artificial intelligence (AI), which requires more electricity to carry out data processing, and the price hike of copper, which accounts for 90 percent of wire and cable production.
Taihan Cable & Solution, a Korean manufacturer of electric
Taihan Cable & Solution has won a $77.3 million contract for the supply of subsea cables for the 365 MW Yeonggwang Nakwol…
Taihan Cable & Solution Wins $77.3 Million Contract for Offshore Wind FarmSouth Korean company Taihan Cable & Solution has secured a major contract worth