boom is giving some of Europe’s biggest industrial companies a welcome lift as they weather weaker manufacturing demand from Asia to North America.
Chips used for AI consume much more power than other applications and are packed closer together in high-density servers, meaning the heat they generate has become much harder to dissipate. Companies like Schneider Electric and Siemens provide the equipment and technology to keep them from overheating.has 17% revenue exposure to data centres, with cooling technologies a key part of its offering.
The excitement around AI has waned recently as investors started to wonder when investments will start paying off, but Siemens’ CEO Roland Busch still sees growth ahead.
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