PYMNTS.com December 26, 2024
If tech investors cool on data centers, could AI-powered smartphones fill the semiconductor industry’s void?
Doug Lefever, CEO of Nvidia supplier Advantest — the world’s biggest chip-testing machine provider — seems to think so, the Financial Times reported Wednesday (Dec. 25).
Lefever said demand for phones outfitted with artificial intelligence could help protect the semiconductor sector from a “vicious” downturn in data center spending, per the report.
Lefever is watching for any sign of reduced spending on AI by tech giants in the United States, as the likes of Meta, Google and Microsoft invest in data centers that can provide large amounts of computing power, the report said.
While a downturn could be short-lived, the market is so concentrated around...
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