[Click e-Stock] "Atom to Power AI Data Centers... A Key Beneficiary in the Spotlight"

As investments in domestic artificial intelligence (AI) data centers are gaining momentum, power solution provider Atom is emerging as a key beneficiary. Analysts expect that, if the government and private sector proceed in earnest with large-scale AI data center projects, there will be expanded demand for server power supply units (SMRPS) and power conversion components. Hana Securities identified Atom as a noteworthy player in the AI data center value chain in its industry analysis report on the data center sector.

Hana Securities assessed that Korea's AI data center market is shifting from traditional general-purpose cloud focus to manufacturing AI factories and sovereign AI infrastructure. Driven by initiatives from the government, SK, GS, and Naver, a total of 18.4GW worth of AI data center projects is expected to substantially increase the scale of domestic data center investment. By 2030, the domestic market is projected to build at least an additional 3GW of data center capacity, fueling a construction market that could grow to approximately 24 trillion won, and resulting in significant benefits for component and equipment manufacturers linked to this sector.

Within this environment, Atom has been highlighted as a company supplying flat-plate transformers and power conversion components for SMRPS required for stable power delivery to AI servers. Since AI servers consume far more power than standard servers, high-efficiency, high-output power solutions are essential. As data centers become more highly integrated, efficiency and heat management become increasingly critical—further underscoring Atom's technological strengths.

Particularly, as the GPU density within AI data centers increases, power density rises sharply. Hana Securities estimated that a 1GW-scale AI data center would be outfitted with roughly 396,000 NVIDIA B300 GPUs. Consequently, demand for server power supply units and power conversion components is also expected to rise in tandem.

Atom's growth drivers are anticipated to become even more pronounced with the expansion of the AI server market. The company is broadening its portfolio from traditional industrial power supply solutions to those for AI data center servers. Given that server power supply units for AI necessitate high efficiency and reliability, the entry barriers are substantial, and profitability is likely to improve as its client base expands.

The expansion of domestic AI data center investments is also creating a favorable environment. Hana Securities forecast that actual demand for AI data centers in Korea will grow between threefold and up to nearly fourfold by 2030 compared to the present. As global big tech companies establish Korean regions and sovereign AI infrastructure development progresses simultaneously, the data center power equipment market is expected to enter a phase of structural growth as well.

Tae Woo Kwon, a researcher at Hana Securities, stated, "The core value chain is set to benefit as power consumption and heat generation solutions become increasingly critical due to the ultra-high integration and growing computational load of AI data centers." He further assessed, "With improvements in cost structure and expanded production facilities maximizing their effects from the second half of the year, related companies are expected to see higher utilization rates and a boost in new orders."

This content was produced with the assistance of AI translation services.