Companies Report Profit Boosts from AI Data Center Demand
LG Uplus posted record profits driven by AI data center growth, while Zurich Insurance's earnings were also boosted by global demand for data centers.
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Zurich Insurance Earnings Boosted by Global Data Center Demand
Zurich Insurance Group AG reported a 13% gain in profit for the first half of 2026 as it saw accelerating demand across all businesses, boosted by global data center and energy infrastructure demand.
By Noele Illien
Read full article →LG Uplus posts record profit on AI data center growth
LG Uplus posted a record quarterly operating profit in the second quarter as rapid growth in its artificial intelligence data center business and cost-cutting efforts offset a decline in overall revenue, the company said Thursday. Operating profit rose 13.1 percent on-year to 344.5 billion won ($243.4 million), while revenue fell 3.9 percent to 3.69 trillion won. Service revenue, which excludes handset sales, increased 2 percent to 3.08 trillion won, and net profit edged up 0.3 percent to 217.7
By The Korea Herald
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