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.

To meet rising orders, the company broke ground Friday on a second plant at its 130,000-square-meter (32-acre) Alabama site.

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