Super Micro to ramp up investment in Europe to capitalize on AI demand
The CEO of Supermicro Charles Liang speaks on December 10, 2024 at the next conference in New York.
Mike Segar | Reuters
Paris – Super micro CEO Charles Liang, in an interview with CNBC on Wednesday, plans to increase its investment in Europe, including increasing the production of AI servers in the region.
The company sells packaged servers Nvidia It is the key to educating and implementing chips and large AI models. There are production facilities in the Netherlands, but it can expand to other places.
“But because the demand in Europe grew very quickly, I really decided, [there’s] The plan to invest more in Europe, including production,
“Demand will continue to develop global and demand [the] The next years, “Liang added.
Liang’s comments come less than a month after Nvidia CEO Jensen Huang’s visit to various parts of Europe and signing infrastructure agreements and calling the region to increase the information processing capacity.
‘Strong’ growth
Super Micro, Openai’nin Chatgpt explosion after the growth wave, increased Nvidia’s demand for supporting large AI models. The server manufacturer’s shares reached a record level in March 2024. However, the stock at the highest level of all time 60% discount Concerns about accounting and financial reporting. However, in February, the company accepted these fears by submitting a delayed financial report for the 2024 fiscal year.
In May, the company reported a weaker guidance for the current quarter than expected and increased concerns about demand for its product.
However, Liang rejected these fears. “Our growth rate continues to be strong, because we continue to expand our basic technology and [are] It is also expanding our scope of work, Li Liang said.
“So the room… Growing will still be very tremendous, very big.”
