Lenovo Group Ltd LNVGY has began making synthetic intelligence servers at its Puducherry facility in India to diversify its manufacturing services away from Taiwan.
Lenovo has additionally opened a brand new Analysis and Growth (R&D) lab in Bengaluru, becoming a member of its international community of 18 R&D labs.
The ability can produce 50,000 enterprise AI rack servers and a couple of,400 superior GPU models yearly, the Firstpost reports.
Lenovo seems to be to export over 60% of the servers produced at this facility to Asia-Pacific.
The AI server market was price $38.3 billion in 2023 and, in accordance with Global Market Insights, might report an 18% CAGR between 2024 and 2032, backed by the adoption of AI throughout varied industries. In 2023, Lenovo introduced a $1 billion funding between fiscal 2023 and 2025 to speed up AI deployment.
Nevertheless, a major occasion had a significant affect on the AI server market. Important AI server firm Tremendous Micro Pc, Inc SMCI was scrutinized after a Hindenburg report flagged accounting malpractices, sanctions evasion, and extra.
The inventory plunged 30% within the final 30 days as a number of analysts downgraded the score. Earlier in 2024, KeyBanc analyst Thomas Blakey anticipated Tremendous Micro Pc to succeed in a 23% share of the AI server market in calendar 2024.
Goldman Sachs analyst Michael Ng and JP Morgan analyst Samik Chatterjee known as out Dell Applied sciences Inc’s DELL AI server margins, signaling the upside thereof.
Photograph by Robert Manner through Shutterstock
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