Gaon Cable to supply power distribution cables to SK Hynix's Yongin chip cluster

Gaon Cable, a cable maker affiliated with LS Cable & System, said Wednesday it has supplied several hundred million won worth of power distribution cables to the SK Hynix semiconductor cluster currently under construction in Yongin, Gyeonggi Province, expanding its footprint in the chipmaking industry's power infrastructure supply chain.

The company said the deal builds on its existing supply relationship with SK Hynix's Icheon and Cheongju plants, broadening its business in semiconductor power infrastructure.

Gaon Cable said it plans to use this base to pursue demand tied to new fabrication plant construction as well as expansions and replacements at existing production lines in Korea.

The company said it is also discussing several hundred million won worth of additional supply contracts for the second half of the year, and is pursuing a role in a power infrastructure project for a semiconductor plant being built by a U.S. company.

Distribution cables deliver electricity to production lines and process equipment.

Because chip plants run around the clock and draw large amounts of power, ...