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LG Electronics Plans Virginia Chiller Plant for AI Data Centers

LG Electronics logoLG Electronics
Sig3.24Sen+5.44Env0.00Soc+1.46Gov+0.74

LG Electronics plans to build a large chiller manufacturing facility in Virginia to expand its HVAC business for AI data centers. The company is discussing site selection and incentive measures with the state, including tax benefits tied to equipment purchases and new hiring. After negotiations, it will move quickly, with investment expected around 500 billion won and production aimed at a fast-growing cooling market.

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