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Singapore chip gear maker GVT says AI boom far from over
The Straits Times
|January 17, 2025
Semiconductor equipment maker Grand Venture Technology (GVT) is trying to turn the world's hunger for advanced memory chips into a chance to become a major supplier, as giants from Micron Technology to Infineon Technologies build new factories in Asia.
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Demand for artificial intelligence (AI) chips is set to grow in the coming years as healthcare, education and financial sectors adopt more services from AI agents such as Microsoft Copilot, said Mr Julian Ng, chief executive of Singapore-based GVT.
That is a boon for up-and-coming equipment suppliers such as GVT, as chipmakers need to invest in their production systems.
"We are riding on the AI wave," Mr Ng said in an interview. Those saying AI is a bubble are wrong because many industries have yet to adopt the technology, he added.
Dit verhaal komt uit de January 17, 2025-editie van The Straits Times.
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