From advanced packaging and fab utilization to memory pricing cycles: understanding the global hardware backbone driving AI.
The Physical Reality Behind Modern Computing
Artificial intelligence and cloud computing rely on a remarkably concentrated global hardware supply chain spanning advanced silicon foundries, photolithography equipment, and power infrastructure.
Second-Order Indian Opportunities
- Engineering Research & Development (ER&D): Indian pure-play engineering service providers are capturing high-margin semiconductor design contracts.
- Electronic Manufacturing Services (EMS): Domestic electronics assembly leaders are expanding into PCB fabrication and system-level manufacturing backed by PLI incentives.
- Industrial Power Distribution: Data center expansion is driving surging demand for domestic switchgears, transformers, and industrial cooling solutions.