| Mobile Web

Search results for Hyosung Heavy Industries

Industry

Semiconductors, defense, shipbuilding and power equipment to drive South Korean exports in second half

Semiconductors, defense, shipbuilding and power equipment are expected to lead South Korea\'s exports in the second half, with simultaneous strength across the four sectors seen absorbing external shocks despite prolonged Middle East tensions and a surge in Strait of Hormuz shipping rates. The Bank of Korea raised its growth outlook and lifted its inflation forecast, citing strong first-quarter growth and an extended semiconductor cycle. Officials also pointed to broader export gains across industries.

AI & Enterprise

KB Kookmin Bank joins Hyosung Heavy Industries to finance HVDC and data centres

KB Kookmin Bank is teaming up with Hyosung Heavy Industries to support future energy infrastructure projects such as high-voltage direct current (HVDC) transmission and data centres. The bank said on May 28 it signed a memorandum of understanding with Hyosung Heavy Industries to strengthen competitiveness in the energy industry. Under the agreement, the bank will provide financial support for Hyosung’s HVDC large-capacity technology development and related projects.

Industry

Transformer and cable makers eye spillover as Nvidia \'Rubin\' shipments near

Expectations are spreading across the power equipment value chain ahead of Nvidia’s next-generation AI accelerator Rubin shipping in July. Racks built with Rubin require about 1.5 times more power than Blackwell racks and about five times more than Hopper racks, raising forecasts for demand for key grid components such as transformers and cables. Supply constraints have lengthened ultra-high-voltage transformer lead times to about four years. Analysts cite strong hyperscaler capex and rising data-centre electricity use, while noting speculation of delays.