Close
MPS reported a record revenue of $507.4 million for Q2 2024, exceeding market expectations. This growth was primarily driven by increased demand for AI power solutions and improving order trends across various markets. The company is transitioning from a chip supplier to a full solutions provider, focusing on expanding its global supply chain.
The positive outlook for Q3 includes anticipated growth in communications, storage, computing, and enterprise data sectors. MPS's strategic shift emphasizes selling modules and solutions, not just AI products, indicating a broader market approach. The company maintains a leading position in vertical power delivery, with limited competition and significant growth opportunities ahead.
• MPS achieved record revenue driven by AI power solutions demand.
• The company is transitioning to a full solutions provider model.
MPS's revenue growth is significantly attributed to the rising demand for these solutions.
MPS holds a leading position in this area, enhancing efficiency for high-performance computing.
MPS's focus on AI power solutions and vertical power delivery positions it strongly in the semiconductor industry.
Benzinga.com on MSN.com 13month
Isomorphic Labs, the AI drug discovery platform that was spun out of Google's DeepMind in 2021, has raised external capital for the first time. The $600
How to level up your teaching with AI. Discover how to use clones and GPTs in your classroom—personalized AI teaching is the future.
Trump's Third Term? AI already knows how this can be done. A study shows how OpenAI, Grok, DeepSeek & Google outline ways to dismantle U.S. democracy.
Sam Altman today revealed that OpenAI will release an open weight artificial intelligence model in the coming months. "We are excited to release a powerful new open-weight language model with reasoning in the coming months," Altman wrote on X.
Log in
Sign Up
AI Tools - Popular
AI Tools - Categories
GPTs - Categories
AI for Jobs
Key AI Highlights in this Article
Key AI Terms Mentioned in this Article
Companies Mentioned in this Article
