AI 数据中心电源半导体-增长动能能否持续？-Global Semiconductors_ AI Data Center Power Semis - is momentum sustainable_

Global Semiconductors AI Data Center Power Semis - is momentum sustainable? A deep dive into the semis powering AI data centers In this note we explore the growing opportunity for analog semis in the powering of AI data centers. We expect 2026 to be another strong year for power semis, but with 30- 40GW worth of capacity additions implied by our TAM estimates, we expect additions/ growth to normalise in coming years. We see a significant uplift in content per GW with 800V DC, which should offset this slowdo ...