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Super Micro Computer to raise $7 billion in equity offerings to meet AI server demand
Super Micro Computer to raise $7 billion in equity offerings to meet AI server demand June 9 : Super Micro Computer said on Tuesday it would raise $7 billion through a series of equity and equity-linked financing transactions to fund the purchase of components needed to meet the growing demand for its advanced AI servers. The company said it will use the proceeds to fulfill orders worth about $39 billion for its advanced AI servers from more than 20 customers. AI infrastructure firms have...
TSMC CEO Warns Chip Supply Won’t Meet AI-Fueled Demand for Years
C.C. Wei Photographer: Samuel Corum/Sipa/Bloomberg
Can floating data centres meet AI's huge energy demand?
A US start-up is putting autonomous data centres in the ocean, powered by wave energy, but experts warn that the harsh environment could make maintenance challenging
Japan proposes rebuilding ageing nuclear plants to meet power demand
Japan proposes rebuilding ageing nuclear plants to meet power demand TOKYO, June 5 : Japan needs to rebuild between two and five ageing nuclear reactors by the 2040s and as many as 11 to 14 by the 2050s to secure stable power supply, the Ministry of Economy, Trade and Industry said in a policy proposal on Friday. The proposal, outlined at a meeting on nuclear policy, reflects a shift towards greater reliance on atomic energy to help meet rising power demand and reduce costly fuel imports....
Applied Materials expands Singapore operations, plans 1,000 jobs amid AI chip demand
Applied Materials expands Singapore operations, plans 1,000 jobs amid AI chip demand The new roles are "good jobs" that will allow Singaporeans to work on frontier technologies and gain exposure to global operations, said Deputy Prime Minister Gan Kim Yong. Semiconductor equipment maker Applied Materials expects to create 1,000 new jobs in Singapore over the next few years as it expands its manufacturing and research operations to support a growing global demand for advanced chips driven by...
TSMC struggles to keep up with AI demand: ‘We can only support so much’
Taiwan Semiconductor Manufacturing Co. - the world's biggest semiconductor-maker - is struggling to meet demands from American customers even with its factory buildout in the US, according to reports from Reuters and Bloomberg. "Customer demand is so high, and we can only support so much," TSMC CEO C.C. Wei said after a shareholder meeting on Thursday, Reuters reports. "We are doing our best to ensure TSMC does not become a bottleneck."
AI boom: Demand for data centers drives innovation by energy, tech industries to produce new power sources
Energy experts acknowledge the need for additional power sources, and they’re turning to new technology and infrastructure to address the demand. "As an industry, we are investing approximately $1.1 trillion in our infrastructure over the next five years to ensure that we're meeting that need and that demand," Exelon CEO Calvin Butler said. In 2024, data centers consumed about 1.5% of global electricity use and the demand has continued to surge.
South Korea's Naver to build gigawatt-scale AI factories using Nvidia technology
South Korea's Naver to build gigawatt-scale AI factories using Nvidia technology SEOUL, June 8 : Nvidia said on Monday that South Korean internet conglomerate Naver would use its technology to build AI factories at gigawatt scale to meet rising global demand for AI services and physical AI. The project is aimed at serving growing global demand for AI services and physical AI applications, Nvidia said.