Forbes November 20, 2024
Company acquires privately held JetCool for undisclosed terms to bolster IT cooling business.
12:41 PT: This article was changed to include new images.
Data center cooling is hot. At least it’s becoming a hot market, with industry projections likely to increase as the Nvidia Blackwell GPU push increases the percentage of silicon that requires liquid cooling. Goldman Sachs estimates the server cooling market is expected to grow at a 60.7% compound annual rate from $4.1 billion in 2024 to $10.6 billion in 2026.
This demand has caught the attention of many investors and large IT infrastructure companies, including Flex, the end-to-end manufacturing partner of leading data centers. Flex recently acquired privately held JetCool to help bolster its ability to add...
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