AI NewsWaveLG Electronics Signs Long-Term Deal to Supply 5GW of Cooling Equipment to North American AI Data Centers; Shares Rise 7%
Key points
- Long-term contract with North America's AIR for AI data center cooling solutions
- Supply totals 5GW
- Shares rise by 7% on the news
LG Electronics' U.S. subsidiary signed a long-term supply contract for AI data center (AIDC) cooling solutions with AIR Control Concept, a North American infrastructure platform company. The contract totals 5GW, and North America is considered the largest market for AI data centers.
iNews24 reported that LG Electronics shares rose by 7% after it signed the AI data center cooling supply contract.
Techworld News reported that LG Electronics secured a large North American contract in the AI data center cooling business.