Top Korea Power Firm Revs Up US Growth Betting on AI Supercycle

South Korea’s top power equipment maker, HD Hyundai Electric Co., is accelerating its US expansion, betting that demand for transformers and switchgear will surge as the artificial intelligence “supercycle” drives a new wave of power consumption.

The company cites a convergence of drivers — AI and data centers, a revival in US manufacturing, aging grid infrastructure and the shift to renewables — that is spurring large-scale grid investment. Those trends are pushing HD Hyundai to deepen its American footprint in what it sees as a prolonged industry upcycle.