High voltage for efficiency gains: how will we endure it? | Kwon Taek-joong, Manager at The Centerfield W

Summary

Kwon Taek-joong of The Centerfield W argues that the AI data-center buildout is driving a structural shift to 800V DC power, creating multi-year demand for power infrastructure and next-generation power semiconductors. He highlights LS Electric's pricing power and DB HiTek's 8-inch foundry upcycle and policy-fund support. He also discusses Korea's National Growth Fund as a potential catalyst for KOSDAQ growth sectors such as biotech, robotics, and secondary batteries, while noting the fund is not yet finalized.

• The core theme is the AI data-center transition to high-voltage DC power.
• Power infrastructure demand is moving from expectations to actual orders and revenue.
• LS Electric is cited for switchgear specialization, cost pass-through, and post-split upside.
• Power semiconductors are seen as a depressed sector getting new AI data-center demand.
• DB HiTek is highlighted for next-gen power semis, 8-inch foundry price hikes, and possible policy funding.
• Korea's National Growth Fund is discussed as a future catalyst for KOSDAQ growth sectors.
• The speaker advises watching fund flows to guide portfolio diversification.
• Weekend geopolitical risk is described as contained, with focus on earnings.