LS Cable & System Expands in Vietnam, Seizing AI Era’s Undersea Cable Market

LS전선 to Expand Market Share with New Undersea Cable Factory in Vietnam

LS전선 (LS Cable & System), a leading South Korean cable manufacturer, is set to make a significant leap in the submarine cable market with the construction of a new factory in Vietnam. The expansion comes as the demand for undersea cables surges in the era of artificial intelligence (AI).

LS Cable & System’s CEO, Gu Bon-kyu, Eyes ASEAN Market

Gu Bon-kyu, the CEO of LS Cable & System, recently announced plans to focus on increasing orders from ASEAN countries through collaboration with PTSC, a Vietnamese state-owned enterprise. The company aims to target the growing undersea cable market in Vietnam and is currently exploring potential sites for the new factory.

Site Inspection in Ho Chi Minh City

During his visit to Vietnam, CEO Gu Bon-kyu will inspect potential sites for the new undersea cable factory. Ho Chi Minh City is considered a strong candidate for the construction, with estimated investments reaching billions of dollars.

Confident in Southeast Asian Market

LS Cable & System recognizes the increasing demand for interconnecting power grids among ASEAN countries in Southeast Asia. To meet this demand, the company plans to invest billions of dollars in Vietnam and expand its market share in the region.

Surging Demand for Undersea Cables in the Era of AI

In the era of AI, the demand for undersea cables has been skyrocketing. The rapid growth of data centers worldwide has led to a surge in power consumption, making undersea cables essential for establishing robust power grids.

LS Cable & System Explores Expansion in the US and UK

LS Cable & System is not only focusing on Vietnam but also considering the construction of undersea cable factories in the United States and the United Kingdom. This strategic move aims to reduce transportation costs and enable faster response to local demands.

Securing Nearly 4 Trillion Won in Outstanding Orders

LS Cable & System has secured outstanding orders worth nearly 4 trillion won in recent years, thanks to its expertise in cable technology and construction capabilities. This achievement highlights the company’s strong position in the undersea cable market.

Increasing Demand for Undersea Cables in the AI Era

The AI era has witnessed a significant increase in demand for undersea cables. With AI becoming a part of everyday life by 2050, an estimated annual power generation of 60,000 terawatts will be required, further driving the demand for undersea cables.

Targeting the Vietnamese Undersea Cable Market

LS Cable & System is strategically targeting the undersea cable market in Vietnam. With Vietnam planning to construct offshore wind farms with a capacity of approximately 6 gigawatts by 2030, the demand for undersea cables is expected to rise accordingly.

Increasing Demand for Interconnecting Power Grids in Southeast Asia

The demand for interconnecting power grids among ASEAN countries in Southeast Asia is on the rise. LS Cable & System plans to focus on increasing orders from ASEAN countries through collaboration with PTSC, a Vietnamese state-owned enterprise.

Undersea Cables: Essential in the AI Era

Undersea cables play a crucial role in establishing power grids in the AI era. With an estimated annual power generation of 60,000 terawatts expected by 2050, undersea cables are indispensable for meeting the growing power demands.

Surging Demand for Undersea Cables

The demand for undersea cables is surging in the AI era. The increasing number of data centers worldwide has led to a significant rise in power consumption, making undersea cables essential for meeting these power demands.

LS Cable & System Drives Undersea Cable Factory Expansion

LS Cable & System is actively pursuing the expansion of undersea cable factories. CEO Gu Bon-kyu is inspecting potential sites for the new factory during his visit to Vietnam, aiming to strengthen the company’s local operations.

Investment of 1 Trillion Won in Undersea Cable Production Facilities

LS Cable & System plans to invest 1 trillion won in undersea cable production facilities. This investment will enable the company to reduce transportation costs and respond quickly to local demand.

LS Cable & System Secures Competitive Position in the Undersea Cable Market

LS Cable & System has established a competitive position in the undersea cable market through its cable technology and construction capabilities. The company has secured outstanding orders worth nearly 4 trillion won in recent years.

Strengthening Local Operations through Undersea Cable Factory Construction in Vietnam

The construction of undersea cable factories in Vietnam aims to strengthen LS Cable & System’s local operations. With Vietnam planning to construct offshore wind farms with a capacity of approximately 6 gigawatts by 2030, the demand for undersea cables is expected to increase.

LS Cable & System Targets the Vietnamese Undersea Cable Market

LS Cable & System is strategically targeting the undersea cable market in Vietnam. CEO Gu Bon-kyu’s visit to Vietnam aims to inspect potential sites for the new undersea cable factory and explore ways to enhance the company’s local operations.

Increasing Demand for Interconnecting Power Grids in Southeast Asia

The demand for interconnecting power grids among ASEAN countries in Southeast Asia is increasing. LS Cable & System plans to focus on increasing orders from ASEAN countries through collaboration with PTSC, a Vietnamese state-owned enterprise.

Undersea Cables: Essential in the AI Era

Undersea cables play a crucial role in establishing power grids in the AI era. With an estimated annual power generation of 60,000 terawatts expected by 2050, the demand for undersea cables is projected to increase.