LS Cable & System receives $99M U.S. tax credit for submarine cable business

LS Cable & System announced it will receive a $99.06 million investment tax credit from the U.S. Department of Energy under the IRA to support its submarine cable business in the U.S., with a factory site and investment scale under final review.

“With this decision, we can start investing in the U.S. submarine cable business.”lscns.co.kr

• 1 source
• lscns.co.krLS Cable & System accelerates submarine cable business with KRW 136.5 billion in support from U.S. government < News < PR Center - LS Cable & SystemApr 20, 2024

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