News & Events
Philippines to grow at faster pace this year 每 PIDS
Jan 22, 2024MANILA, Philippines — Despite global economic challenges, the Philippine economy is expected to expand at a faster pace this year than in 2023, according to state think tank Philippine Institute for Development Studies (PIDS).
“GDP (gross domestic product) will likely grow between 5.5 to six percent in 2024,” PIDS research fellow Margarita Debuque-Gonzales along with research analysts Mark Gerald Ruiz and Ramona Maria Miral said in a study titled, “Macroeconomic Outlook of the Philippines in 2023-2024: Prospects and Perils.”
This year’s growth forecast is higher than the authors’ projected 5.2 percent growth in 2023.
Read more:
https://www.philstar.com/business/2024/01/17/2326268/philippines-grow-faster-pace-year-pids
“GDP (gross domestic product) will likely grow between 5.5 to six percent in 2024,” PIDS research fellow Margarita Debuque-Gonzales along with research analysts Mark Gerald Ruiz and Ramona Maria Miral said in a study titled, “Macroeconomic Outlook of the Philippines in 2023-2024: Prospects and Perils.”
This year’s growth forecast is higher than the authors’ projected 5.2 percent growth in 2023.
Read more:
https://www.philstar.com/business/2024/01/17/2326268/philippines-grow-faster-pace-year-pids
Easing Charter＊s economic provision to attract investors 〞 Speaker
Jan 22, 2024House Speaker Ferdinand Martin Romualdez on Tuesday expressed intent to attract investors at the World Economic Forum (WEF) by leveraging the Senate’s move to ease the “restrictive” economic provisions of the 1987 Constitution.
This, amid opposition by some lawmakers and constitution framers on amending the Constitution.
Romualdez said he is optimistic that the Senate resolution to rewrite specific economic provisions in the Constitution would enhance the country’s appeal to investors.
“It would be a welcome development for our trade partners,” the Speaker, who is the head of the Philippine delegation to the 2024 WEF in Davos, said in a statement.
Read more:
https://newsinfo.inquirer.net/1890016/easing-charters-economic-provision-to-attract-investors-speaker
This, amid opposition by some lawmakers and constitution framers on amending the Constitution.
Romualdez said he is optimistic that the Senate resolution to rewrite specific economic provisions in the Constitution would enhance the country’s appeal to investors.
“It would be a welcome development for our trade partners,” the Speaker, who is the head of the Philippine delegation to the 2024 WEF in Davos, said in a statement.
Read more:
https://newsinfo.inquirer.net/1890016/easing-charters-economic-provision-to-attract-investors-speaker
Honeywell and Analog Devices Partner on Building Automation
Jan 22, 2024Honeywell and Analog Devices Inc. (ADI) have entered into a Memorandum of Understanding to explore the digitization of commercial buildings by upgrading to digital connectivity technologies without replacing existing wiring, which will help reduce cost, waste, and downtime. The strategic alliance, announced at the recent CES 2024 event in Las Vegas, would bring this new technology to building management systems for the first time.
Many of the commercial buildings in the United States are outdated and inefficient and, according to the U.S. Energy Information Administration (EIA), the majority of them were built before the year 2000. Additionally, organizations are relying on networking technology to transmit ever-greater volumes of data, causing a surge in demand for cloud storage and processing speed. Digitizing building management systems will allow managers to reduce energy consumption through real-time decisions, while it will upgrade a building’s network performance and security to current Internet-protocol networks without extensive costs and remodeling.
“For more than a decade, ADI and Honeywell have collaborated on driving the next waves of innovation,” said Martin Cotter, Senior Vice President, Industrial and Multi Markets and President of ADI EMEA region. “In this next phase of our work together, we are thrilled to see these ADI technologies move beyond factory automation and into Honeywell’s building management system to help customers reduce building energy consumption, which can save money, improve resiliency, and help meet emissions reductions goals.”
Read more:
https://www.eetasia.com/honeywell-and-analog-devices-partner-on-building-automation/
Many of the commercial buildings in the United States are outdated and inefficient and, according to the U.S. Energy Information Administration (EIA), the majority of them were built before the year 2000. Additionally, organizations are relying on networking technology to transmit ever-greater volumes of data, causing a surge in demand for cloud storage and processing speed. Digitizing building management systems will allow managers to reduce energy consumption through real-time decisions, while it will upgrade a building’s network performance and security to current Internet-protocol networks without extensive costs and remodeling.
“For more than a decade, ADI and Honeywell have collaborated on driving the next waves of innovation,” said Martin Cotter, Senior Vice President, Industrial and Multi Markets and President of ADI EMEA region. “In this next phase of our work together, we are thrilled to see these ADI technologies move beyond factory automation and into Honeywell’s building management system to help customers reduce building energy consumption, which can save money, improve resiliency, and help meet emissions reductions goals.”
Read more:
https://www.eetasia.com/honeywell-and-analog-devices-partner-on-building-automation/
Epson first Japanese manufacturer to transition to 100% RE
Jan 19, 2024Seiko Epson Corp. said Monday all electricity used at it sites around the globe comes from renewable sources, making it the first in the domestic manufacturing industry to complete the transition to renewable electricity.
It said that by sourcing renewables to meet its demand, the group expects to reduce its annual carbon dioxide emissions by 400,000 tons.
Epson committed to becoming carbon negative and underground resource-free in its Environmental Vision 2050.
Read more:
https://manilastandard.net/business/314407469/epson-first-japanese-manufacturer-to-transition-to-100-re.html
It said that by sourcing renewables to meet its demand, the group expects to reduce its annual carbon dioxide emissions by 400,000 tons.
Epson committed to becoming carbon negative and underground resource-free in its Environmental Vision 2050.
Read more:
https://manilastandard.net/business/314407469/epson-first-japanese-manufacturer-to-transition-to-100-re.html
As tech slump nears end, factory output seen rising
Jan 19, 2024THE country’s manufacturing output is expected to pick up in the next few months as the technology slump nears its end, according to Moody’s Analytics.
In its latest economic brief, Moody’s Analytics said factory production of the Philippines has already improved to 1.9 percent in November 2023.
Moody’s Analytics noted that in value terms, the country’s manufacturing output grew 2.2 percent. This is higher than the 1.1 percent growth posted in October 2022.
“Electrical equipment as well as coke and refined petroleum products led growth in value and volume terms,” Moody’s Analytics said.
Read more:
https://businessmirror.com.ph/2024/01/16/as-tech-slump-nears-end-factory-output-seen-rising/
In its latest economic brief, Moody’s Analytics said factory production of the Philippines has already improved to 1.9 percent in November 2023.
Moody’s Analytics noted that in value terms, the country’s manufacturing output grew 2.2 percent. This is higher than the 1.1 percent growth posted in October 2022.
“Electrical equipment as well as coke and refined petroleum products led growth in value and volume terms,” Moody’s Analytics said.
Read more:
https://businessmirror.com.ph/2024/01/16/as-tech-slump-nears-end-factory-output-seen-rising/
Philippines to grow at faster pace this year 每 PIDS
Jan 18, 2024MANILA, Philippines — Despite global economic challenges, the Philippine economy is expected to expand at a faster pace this year than in 2023, according to state think tank Philippine Institute for Development Studies (PIDS).
“GDP (gross domestic product) will likely grow between 5.5 to six percent in 2024,” PIDS research fellow Margarita Debuque-Gonzales along with research analysts Mark Gerald Ruiz and Ramona Maria Miral said in a study titled, “Macroeconomic Outlook of the Philippines in 2023-2024: Prospects and Perils.”
This year’s growth forecast is higher than the authors’ projected 5.2 percent growth in 2023.
Read more:
https://www.philstar.com/business/2024/01/17/2326268/philippines-grow-faster-pace-year-pids
“GDP (gross domestic product) will likely grow between 5.5 to six percent in 2024,” PIDS research fellow Margarita Debuque-Gonzales along with research analysts Mark Gerald Ruiz and Ramona Maria Miral said in a study titled, “Macroeconomic Outlook of the Philippines in 2023-2024: Prospects and Perils.”
This year’s growth forecast is higher than the authors’ projected 5.2 percent growth in 2023.
Read more:
https://www.philstar.com/business/2024/01/17/2326268/philippines-grow-faster-pace-year-pids
Marcos urged to harness economic reforms＊ potential instead of ＆Cha-cha＊ push
Jan 18, 2024PHILIPPINE President Ferdinand R. Marcos, Jr. should work on food security, boost the quality of education and healthcare while improving governance to attract foreign investments instead of pushing for changes to the 1987 Constitution, which is a distraction, economists and legal experts said.
Christian S. Monsod, who was also among the Charter’s framers, noted that the Philippine Development Plan for 2023 to 2028 didn’t even cite the need to amend the Charter to achieve the country’s economic goals and that Mr. Marcos has been able to secure investment pledges — now worth over P700 billion — in his foreign trips without the condition from investors that the country needs to amend the Charter’s economic provisions.
Mr. Monsod, reacting to remarks that the Constitution “remains a hindrance” to FDIs, said the Charter never barred full foreign ownership in the manufacturing sector and noted that the domestic sector has not been a target of foreign investors due to issues not related to the constitution.
Read more:
https://www.bworldonline.com/top-stories/2024/01/17/569264/marcos-urged-to-harness-economic-reforms-potential-instead-of-cha-cha-push/
Christian S. Monsod, who was also among the Charter’s framers, noted that the Philippine Development Plan for 2023 to 2028 didn’t even cite the need to amend the Charter to achieve the country’s economic goals and that Mr. Marcos has been able to secure investment pledges — now worth over P700 billion — in his foreign trips without the condition from investors that the country needs to amend the Charter’s economic provisions.
Mr. Monsod, reacting to remarks that the Constitution “remains a hindrance” to FDIs, said the Charter never barred full foreign ownership in the manufacturing sector and noted that the domestic sector has not been a target of foreign investors due to issues not related to the constitution.
Read more:
https://www.bworldonline.com/top-stories/2024/01/17/569264/marcos-urged-to-harness-economic-reforms-potential-instead-of-cha-cha-push/
Aboitiz hydro unit eyes expansion of battery storage facilities
Jan 5, 2024MANILA -The hydropower unit of Aboitiz Power Corp. is eyeing the development of three more battery storage facilities next year as it moves to increase its renewable energy capacity while ensuring that it can provide enough power to meet high demand.
SN Aboitiz Power (SNAP) president and chief executive Joseph Yu told reporters on Monday that the battery energy storage system (BESS) facilities would have a combined capacity of 100 megawatts (MW) and would be located in the provinces of Isabela and Benguet.
When demand is low, BESS facilities store excess power from renewable energy technologies whose supply is intermittent, or dependent on the weather. Stored supply is then tapped when demand for power increases.
Read more:
https://business.inquirer.net/436921/aboitiz-hydro-unit-eyes-expansion-of-battery-storage-facilities
SN Aboitiz Power (SNAP) president and chief executive Joseph Yu told reporters on Monday that the battery energy storage system (BESS) facilities would have a combined capacity of 100 megawatts (MW) and would be located in the provinces of Isabela and Benguet.
When demand is low, BESS facilities store excess power from renewable energy technologies whose supply is intermittent, or dependent on the weather. Stored supply is then tapped when demand for power increases.
Read more:
https://business.inquirer.net/436921/aboitiz-hydro-unit-eyes-expansion-of-battery-storage-facilities
PHL economy seen to grow by 5.6% in 2024
Jan 5, 2024THE PHILIPPINE ECONOMY is expected to be the second fastest-growing economy in Southeast Asia in 2024, according to the Mastercard Economics Institute (MEI).
In its latest “Economic Outlook: Balancing Prices & Priorities” report, MEI gave a Philippine gross domestic product (GDP) growth forecast of 5.6% for 2024.
This would make the Philippines the second fastest-growing economy in Southeast Asia, just behind Vietnam which is projected to grow by 6.2%.
Read more:
https://www.bworldonline.com/top-stories/2023/12/13/563169/phl-economy-seen-to-grow-by-5-6-in-2024/
In its latest “Economic Outlook: Balancing Prices & Priorities” report, MEI gave a Philippine gross domestic product (GDP) growth forecast of 5.6% for 2024.
This would make the Philippines the second fastest-growing economy in Southeast Asia, just behind Vietnam which is projected to grow by 6.2%.
Read more:
https://www.bworldonline.com/top-stories/2023/12/13/563169/phl-economy-seen-to-grow-by-5-6-in-2024/
Economic fallout from PH-China tensions ＆limited,＊ says think tank
Dec 27, 2023MANILA -Any economic fallout from rising tensions between the Philippines and China would be “limited,” a London-based think tank said, adding that Manila is “well-placed” to benefit from the dramatic shift in global supply chains set off by growing rivalry between Beijing and Washington.
Tensions flared up at the disputed West Philippine Sea over the weekend after Manila and Beijing traded accusations when their vessels collided near a contested reef.
But Gareth Leather, senior Asia economist at Capital Economics, believes a deterioration of Manila-Beijing ties is unlikely to create a big economic problem because the Philippines is “not closely integrated into China’s economy.”
Read more:
https://business.inquirer.net/436852/economic-fallout-from-ph-china-tensions-limited-says-think-tank
Tensions flared up at the disputed West Philippine Sea over the weekend after Manila and Beijing traded accusations when their vessels collided near a contested reef.
But Gareth Leather, senior Asia economist at Capital Economics, believes a deterioration of Manila-Beijing ties is unlikely to create a big economic problem because the Philippines is “not closely integrated into China’s economy.”
Read more:
https://business.inquirer.net/436852/economic-fallout-from-ph-china-tensions-limited-says-think-tank
Export growth tied to investments attracted by PHL, Trade dep＊t says
Dec 27, 2023THE Department of Trade and Industry (DTI) said export targets to 2028 will depend greatly on the levels of investment attracted to the Philippines.
It added that such targets are set to be recalibrated this week.
“What is very critical in achieving our export targets are investment-driven exports,” DTI Export Marketing Bureau Director Bianca Pearl R. Sykimte told reporters.
Read more:
https://www.bworldonline.com/economy/2023/12/12/563273/export-growth-tied-to-investments-attracted-by-phl-trade-dept-says/
It added that such targets are set to be recalibrated this week.
“What is very critical in achieving our export targets are investment-driven exports,” DTI Export Marketing Bureau Director Bianca Pearl R. Sykimte told reporters.
Read more:
https://www.bworldonline.com/economy/2023/12/12/563273/export-growth-tied-to-investments-attracted-by-phl-trade-dept-says/
SEMI Forecasts Global IC Equipment Sales to Reach Record $124B in 2025
Dec 27, 2023Global sales of total semiconductor manufacturing equipment by original equipment manufacturers (OEMs) are forecast to reach $100 billion in 2023, a contraction of 6.1% from the industry record of $107.4 billion posted in 2022, SEMI announced at its Year-End Total Semiconductor Equipment Forecast – OEM Perspective at SEMICON Japan 2023. Semiconductor manufacturing equipment growth is expected to resume in 2024, with sales forecast to reach a new high of $124 billion in 2025, supported by both the front-end and back-end segments.
“We anticipate a temporary contraction in 2023 due to the cyclical nature of the semiconductor market,” said Ajit Manocha, SEMI President and CEO. “2024 will be a transition year. We then expect a strong rebound in 2025, driven by capacity expansion, new fab projects, and high demand for advanced technologies and solutions across the front-end and back-end segments.”
Semiconductor equipment sales by segment
After registering a record $94 billion in sales last year, the wafer fab equipment segment, which includes wafer processing, fab facilities and mask/reticle equipment, is projected to slip 3.7% to $90.6 billion in 2023. This contraction marks a significant improvement from the 18.8% decline forecast by SEMI in its Mid-Year Total Semiconductor Equipment Forecast – OEM Perspective.
Read more:
https://www.eetasia.com/semi-forecasts-global-ic-equipment-sales-to-reach-record-124b-in-2025/
“We anticipate a temporary contraction in 2023 due to the cyclical nature of the semiconductor market,” said Ajit Manocha, SEMI President and CEO. “2024 will be a transition year. We then expect a strong rebound in 2025, driven by capacity expansion, new fab projects, and high demand for advanced technologies and solutions across the front-end and back-end segments.”
Semiconductor equipment sales by segment
After registering a record $94 billion in sales last year, the wafer fab equipment segment, which includes wafer processing, fab facilities and mask/reticle equipment, is projected to slip 3.7% to $90.6 billion in 2023. This contraction marks a significant improvement from the 18.8% decline forecast by SEMI in its Mid-Year Total Semiconductor Equipment Forecast – OEM Perspective.
Read more:
https://www.eetasia.com/semi-forecasts-global-ic-equipment-sales-to-reach-record-124b-in-2025/
PPA unveils tariffs for Tier 1 ports
Dec 13, 2023The Philippine Ports Authority (PPA) has unveiled the tariff for Tier 1 ports under its terminal management policy.
Effective December 8, PPA Administrative Order (AO) No. 10-2023, issued on November 17, establishes base rates for cargo-handling and terminal operators securing contracts for Tier 1 ports under the Port Terminal Management Regulatory Framework (PTMRF).
The release aligns with the upcoming bidding for the management and operation of Iloilo Commercial Port Complex (ICPC), the first port subject to Tier 1 bidding.
Read more:
https://www.portcalls.com/ppa-unveils-tariffs-for-tier-1-ports/
Effective December 8, PPA Administrative Order (AO) No. 10-2023, issued on November 17, establishes base rates for cargo-handling and terminal operators securing contracts for Tier 1 ports under the Port Terminal Management Regulatory Framework (PTMRF).
The release aligns with the upcoming bidding for the management and operation of Iloilo Commercial Port Complex (ICPC), the first port subject to Tier 1 bidding.
Read more:
https://www.portcalls.com/ppa-unveils-tariffs-for-tier-1-ports/
SEIPI: Semiconductor industry projected to contract 9-10% this year vs 2022 amid global headwinds
Dec 13, 2023During his live interview with ANC 24/7 on November 27, 2023, SEIPI President Dan Lachica gave the forecast for the 2023 and 2024 Philippine electronics growth. In late 2022, SEIPI predicted that the industry would grow 5% the following year. However, due to unforeseen challenges such as political and economic factors, compounded by inventory corrections, electronics exports will likely contract by 10%, or equivalent to USD 45 billion to USD 46 billion, by the end of the year. Electronics exports in Q1 contracted by 15% compared to the same period in 2023. Despite the geopolitical instability, this has improved in the following months as global demand has lifted. Should this trend continue along with the final stages of inventory corrections, the electronics industry will likely have a flat growth in 2024 from 2023.
These numbers could improve after President Ferdinand Marcos bagged USD 250 million worth of investment pledges for the electronics industry as a result of his recent trip to San Francisco for the APEC Summit. During the meeting with the Semiconductor Industry Association (SIA) and the Semiconductor Equipment Manufacturers, Inc. (SEMI), DTI Sec. Alfredo Pascual invited industry leaders to consider integrated circuit (IC) design and wafer fabrication in the Philippines.
The Philippine government is improving certain aspects of its policies, such as the incentives rationalization under the CREATE Act, challenges in doing business, and the high operating costs. However, the country also needs to explore more ways to attract investors. Some of the suggestions at the meeting with SIA and SEMI is for the country to engage with global consulting groups to update the electronics industry roadmap, and to establish its own CHIPS Act in order for the country to move up the value chain.
Watch the interview here:
https://www.youtube.com/watch?v=D85VQ_B_a2U&ab_channel=ANC24%2F7
These numbers could improve after President Ferdinand Marcos bagged USD 250 million worth of investment pledges for the electronics industry as a result of his recent trip to San Francisco for the APEC Summit. During the meeting with the Semiconductor Industry Association (SIA) and the Semiconductor Equipment Manufacturers, Inc. (SEMI), DTI Sec. Alfredo Pascual invited industry leaders to consider integrated circuit (IC) design and wafer fabrication in the Philippines.
The Philippine government is improving certain aspects of its policies, such as the incentives rationalization under the CREATE Act, challenges in doing business, and the high operating costs. However, the country also needs to explore more ways to attract investors. Some of the suggestions at the meeting with SIA and SEMI is for the country to engage with global consulting groups to update the electronics industry roadmap, and to establish its own CHIPS Act in order for the country to move up the value chain.
Watch the interview here:
https://www.youtube.com/watch?v=D85VQ_B_a2U&ab_channel=ANC24%2F7
PH inflation a key concern 每 AMRO
Dec 5, 2023THE impact of high inflation remains a key concern for the Philippine economy, but growth overall is expected to remain robust, the Asean+3 Macroeconomic Research Office (AMRO) said on Monday.
In a statement, AMRO said the country would likely grow by 5.6 percent this year, down from the 5.9 percent previously forecast and below the government's target of 6.0 to 7.0 percent.
The outlook for next year was also trimmed to 6.3 percent from 6.5 percent, also below the official 6.5- to 8.0-percent goal for 2024-2028.
Read more:
https://www.manilatimes.net/2023/11/28/business/top-business/ph-inflation-a-key-concern-amro/1921821
In a statement, AMRO said the country would likely grow by 5.6 percent this year, down from the 5.9 percent previously forecast and below the government's target of 6.0 to 7.0 percent.
The outlook for next year was also trimmed to 6.3 percent from 6.5 percent, also below the official 6.5- to 8.0-percent goal for 2024-2028.
Read more:
https://www.manilatimes.net/2023/11/28/business/top-business/ph-inflation-a-key-concern-amro/1921821
Peza-approved investments rose more than twofold from Jan to Nov
Dec 5, 2023MANILA -The value of new investments approved by the Philippine Economic Zone Authority (Peza) from January to November grew by more than twofold, reaching P140.884 billion in total as the investment promotion agency moves closer to its annual target.
Data from the Peza released Wednesday night showed it was only P13.82 billion away from its full-year 2023 target of P154.77 billion after recording a growth rate of146.95 percent for the 11-month period.
“With two more board meetings to go, we will surpass our targets for the year with flying colors,” Peza Director General Tereso Panga said during his presentation at the agency’s investors’ night in Pasay City.
Read more:
https://business.inquirer.net/433348/peza-approved-investments-rise-more-than-twofold-from-jan-to-nov
Data from the Peza released Wednesday night showed it was only P13.82 billion away from its full-year 2023 target of P154.77 billion after recording a growth rate of146.95 percent for the 11-month period.
“With two more board meetings to go, we will surpass our targets for the year with flying colors,” Peza Director General Tereso Panga said during his presentation at the agency’s investors’ night in Pasay City.
Read more:
https://business.inquirer.net/433348/peza-approved-investments-rise-more-than-twofold-from-jan-to-nov
＆Hidden costs, complex rules deter investments＊
Dec 5, 2023Business leaders have called the attention of the national government to the “hidden cost” of doing business down to the community level.
Cezar Consing, Ayala Corp.’s CEO, said these costs affect businesses that have low margins, which could make certain communities less attractive to investors.
“What we find here is there are a lot of unwritten [and] hidden costs to doing business. More recently, I see them more at the local level. And if you’re a firm that is trying to do business nationwide, it’s those costs that that are so hard to quantify,” Consing said during a panel of the Pilipinas Conference 2023, a forum facilitated by think tank Stratbase.
Read more:
https://businessmirror.com.ph/2023/11/24/hidden-costs-complex-rules-deter-investments/
Cezar Consing, Ayala Corp.’s CEO, said these costs affect businesses that have low margins, which could make certain communities less attractive to investors.
“What we find here is there are a lot of unwritten [and] hidden costs to doing business. More recently, I see them more at the local level. And if you’re a firm that is trying to do business nationwide, it’s those costs that that are so hard to quantify,” Consing said during a panel of the Pilipinas Conference 2023, a forum facilitated by think tank Stratbase.
Read more:
https://businessmirror.com.ph/2023/11/24/hidden-costs-complex-rules-deter-investments/
Artificial intelligence, sustainability at forefront as industry turns attention to 2024
Nov 30, 2023As we move towards 2024, the data center industry faces intense pressure to incorporate artificial intelligence (AI) capabilities while also reducing energy consumption, costs, and greenhouse gas emissions. The proliferation of AI (as Vertiv predicted two years ago) along with the infrastructure and sustainability challenges inherent in AI-capable computing can be felt across the industry and throughout the 2024 data center trends forecast from Vertiv, a global provider of critical digital infrastructure and continuity solutions.
“AI and its downstream impact on data center densities and power demands have become the dominant storylines in our industry,” said Vertiv CEO Giordano (Gio) Albertazzi. “Finding ways to help customers both support the demand for AI and reduce energy consumption and greenhouse gas emissions is a significant challenge requiring new collaborations between data centers, chip and server manufacturers, and infrastructure providers.”
These are the trends Vertiv’s experts expect to dominate the data center ecosystem in 2024:
AI sets the terms for new builds and retrofits: Surging demand for artificial intelligence across applications is pressuring organizations to make significant changes to their operations. Legacy facilities are ill-equipped to support widespread implementation of the high-density computing required for AI, with many lacking the required infrastructure for liquid cooling. In the coming year, more and more organizations are going to realize half-measures are insufficient and opt instead for new construction – increasingly featuring prefabricated modular solutions that shorten deployment timelines – or large-scale retrofits that fundamentally alter their power and cooling infrastructure. Such significant changes present opportunities to implement more eco-friendly technologies and practices, including liquid cooling for AI servers, applied in concert with air-cooled thermal management to support the entire data center space.
Read more:
https://mb.com.ph/2023/11/24/artificial-intelligence-sustainability-at-forefront-as-industry-turns-attention-to-2024
“AI and its downstream impact on data center densities and power demands have become the dominant storylines in our industry,” said Vertiv CEO Giordano (Gio) Albertazzi. “Finding ways to help customers both support the demand for AI and reduce energy consumption and greenhouse gas emissions is a significant challenge requiring new collaborations between data centers, chip and server manufacturers, and infrastructure providers.”
These are the trends Vertiv’s experts expect to dominate the data center ecosystem in 2024:
AI sets the terms for new builds and retrofits: Surging demand for artificial intelligence across applications is pressuring organizations to make significant changes to their operations. Legacy facilities are ill-equipped to support widespread implementation of the high-density computing required for AI, with many lacking the required infrastructure for liquid cooling. In the coming year, more and more organizations are going to realize half-measures are insufficient and opt instead for new construction – increasingly featuring prefabricated modular solutions that shorten deployment timelines – or large-scale retrofits that fundamentally alter their power and cooling infrastructure. Such significant changes present opportunities to implement more eco-friendly technologies and practices, including liquid cooling for AI servers, applied in concert with air-cooled thermal management to support the entire data center space.
Read more:
https://mb.com.ph/2023/11/24/artificial-intelligence-sustainability-at-forefront-as-industry-turns-attention-to-2024