[Market Focus] LS ELECTRIC Jumps 8% on U.S. Big Tech Power Infrastructure Deal

Shares of LS ELECTRIC, which recently signed a supply agreement for power infrastructure with a major U.S. big tech company, are on the rise.

As of 9:13 a.m. on April 14, LS ELECTRIC was trading at 193,700 won, up 14,500 won (8.09%) from the previous trading day.

The previous day, LS ELECTRIC announced that it had signed a supply agreement worth USD 114.97 million (approximately KRW 170.3 billion) for power infrastructure in North American hyperscale data center projects. LS ELECTRIC will supply switchboards and distribution transformers to hyperscale data centers under construction by a U.S. big tech company.

Although the client is undisclosed due to contractual terms, industry insiders speculate that the customer is likely to be one of Microsoft, Google, Meta, or Amazon Web Services (AWS), all of which are currently undertaking large-scale data center projects in North America.

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