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OpenAI to lease 10-GW Ohio data centre for 20 years; Nvidia to guarantee up to $105 billion in rent

OpenAI will lease for 20 years a 10-gigawatt AI data centre campus being built in Ohio, with Nvidia investing $1.5 billion and taking on a rent guarantee of up to $105 billion. SoftBank Group unit SB Energy will develop, own and operate the site. The project includes new power generation and grid investment, with phased construction starting in 2028. The deal also includes a loss-compensation clause tied to OpenAI’s lease.

Industry

Global regulation outpaces plant buildout, speeding up Korean anode materials shift

Korean anode materials makers are accelerating plans to localise synthetic graphite as a U.S. route for Chinese graphite shifts from high tariffs to tax credit eligibility requirements. With capacity expansions and long-term supply contracts largely concentrated in 2027, domestic cell makers have limited options to replace Chinese materials before then. Import prices have fallen, but U.S. 45X rules on prohibited foreign entities tighten from 2026.

Industry

LS Q2 operating profit 595.6 billion won, up 153 percent year on year

LS said on Thursday its second-quarter operating profit rose 153 percent from a year earlier to 595.6 billion won, while revenue climbed 40 percent to 11.02 trillion won, both record highs for a quarter. First-half operating profit totalled 1.07 trillion won, exceeding last year’s full-year result, with revenue up 39 percent to 20.53 trillion won. The company cited AI data centre expansion and power-grid replacement projects.