{"id":55180,"date":"2025-10-27T19:38:30","date_gmt":"2025-10-27T23:38:30","guid":{"rendered":"https:\/\/stockmarketwatch.com\/stock-market-news\/tech-giants-power-up-with-nuclear-south-koreas-economy-surges\/55180\/"},"modified":"2025-10-27T19:38:30","modified_gmt":"2025-10-27T23:38:30","slug":"tech-giants-power-up-with-nuclear-south-koreas-economy-surges","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/tech-giants-power-up-with-nuclear-south-koreas-economy-surges\/55180\/","title":{"rendered":"Tech Giants Power Up with Nuclear, South Korea&#8217;s Economy Surges"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>Google (<a href=\"\/stock\/GOOGL\">GOOGL<\/a>) has committed to a 25-year power purchase agreement with NextEra Energy (<a href=\"\/stock\/NEE\">NEE<\/a>) to restart a 615-megawatt nuclear plant in Iowa by Q1 2029, signaling a significant move to power its expanding AI and cloud infrastructure with carbon-free energy.<\/strong><\/li>\n<li><strong>South Korea&#39;s economy achieved a robust 1.2% growth in the third quarter of 2025, marking its fastest expansion in 1.5 years, fueled by strong private consumption and facility investment.<\/strong><\/li>\n<li><strong>Ningbo Joyson Electronic has set a maximum offer price of HK$23.60 per share for its global offering, which includes 155.1 million H shares.<\/strong><\/li>\n<li><em>The headline &quot;pony al: maximum public offer price under global offering hk$180 per offer share&quot; appears to be an older reference, with search results primarily linking the HK$180 maximum offer price to Xpeng Motors&#39; (<a href=\"\/stock\/9868.HK\">9868.HK<\/a>) global offering in 2021.<\/em><\/li>\n<\/ul>\n<p>In a landmark agreement, tech giant <strong>Google (<a href=\"\/stock\/GOOGL\">GOOGL<\/a>)<\/strong> and energy leader <strong>NextEra Energy (<a href=\"\/stock\/NEE\">NEE<\/a>)<\/strong> have announced a collaboration to accelerate nuclear energy deployment in the U.S., highlighted by a 25-year power purchase agreement. The deal will see the planned restart of the <strong>Duane Arnold Energy Center<\/strong>, Iowa&#39;s sole nuclear facility, which was decommissioned in 2020. This 615-megawatt plant is targeted to be fully operational by the first quarter of 2029, providing 24\/7 carbon-free energy to power Google&#39;s growing cloud and AI infrastructure in Iowa. The initiative underscores the massive electricity demands of data centers and the urgent need for reliable, clean power sources for artificial intelligence. Beyond the Duane Arnold plant, the two companies have also agreed to explore nationwide deployment of new nuclear generation, with the project expected to generate approximately 400 direct jobs and over <strong>$9 billion<\/strong> in economic benefits for Iowa.<\/p>\n<p>Meanwhile, <strong>South Korea&#39;s economy<\/strong> demonstrated significant resilience, expanding by <strong>1.2%<\/strong> in the third quarter of 2025 from the previous quarter, surpassing both central bank estimates and market expectations. This robust performance marks the fastest growth in a year and a half for the export-reliant nation. The acceleration was primarily driven by a notable <strong>1.3%<\/strong> increase in private consumption and a <strong>2.4%<\/strong> gain in facility investment. Exports, a critical component of the economy, also maintained solid growth of <strong>1.5%<\/strong> quarter-on-quarter, boosted by strong semiconductor and automobile shipments despite ongoing tariff pressures. Government spending, supported by cash handouts and fiscal measures, further contributed to the economic uplift. While construction investment saw a slight slip of <strong>0.1%<\/strong> in the first half and remained sluggish, the overall economic picture for Q3 was positive. The Bank of Korea had initially forecasted a <strong>1.1%<\/strong> growth for the quarter and projects an annual growth of <strong>0.9%<\/strong> for 2025.<\/p>\n<p>In the financial markets of Hong Kong, <strong>Ningbo Joyson Electronic<\/strong> is proceeding with its global offering, setting the maximum public offer price at <strong>HK$23.60<\/strong> per share. The offering includes <strong>155.1 million H shares<\/strong>, indicating a significant capital-raising effort by the company.<\/p>\n<p>Separately, a headline referencing &quot;pony al&quot; and a maximum public offer price of <strong>HK$180<\/strong> per offer share under a global offering appears to be a misattribution or an outdated reference. Historical records indicate that a maximum offer price of HK$180 per share was associated with <strong>Xpeng Motors&#39; (<a href=\"\/stock\/9868.HK\">9868.HK<\/a>)<\/strong> global offering in 2021. There is no current information linking &quot;pony al&quot; (or <strong>Pony.ai<\/strong>) to a global offering with this specific price point.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Google (GOOGL) has committed to a 25-year power purchase agreement with NextEra Energy (NEE) to restart a 615-megawatt [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":50383,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center 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