The news that Google will invest heavily in data centers has led to an increase in the stock prices of domestic power equipment-related companies in the early trading hours of the 29th.
As of 10:08 a.m. on this day, LS ELECTRIC is trading at 287,000 won, up 3,500 won (1.23%) from the previous trading day.
HD Hyundai Electric, classified as a power equipment-related company, rose 1.19% at the same time. Other companies, such as Hyosung Heavy Industries (0.81%) and Cheil Electric (0.15%), are also on the rise.
According to major foreign news outlets, Google is reportedly planning to invest an additional $9 billion (approximately 12.5 trillion won) in Virginia by next year, aiming to improve its cloud and artificial intelligence (AI) infrastructure.
Bloomberg News reported, "This infrastructure investment is the latest example of a series of big tech investments in U.S. data centers," noting that it follows those of other technology corporations, such as Microsoft and Amazon.