“We are riding on the AI wave,” Ng said in an interview. Those saying AI is a bubble are wrong because many industries are yet to adopt the technology, he said.
Semiconductor equipment maker Grand Venture Technology (SGX:JLB
) 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 Inc. to Infineon Technologies AG build new factories in Asia.
Demand for artificial intelligence chips (AI) is set to grow in the coming years as health care, education and financial sectors adopt more services from AI agents such as Microsoft Corp.’s Copilot, said Julian Ng, chief executive officer of Singapore-based GVT. That’s a boon for up-and-coming equipment suppliers such as GVT, as chipmakers need to invest in their production systems.
