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Demand for large capacity HDDs mainly for cloud and enterprise computing and increasingly for Artificial Intelligence (AI) machine learning data storage has seen a resurgence of demand and orders as we serve that space diligently. We have established long-term relationships with these major HDD makers and the commitment for long-term supply is of paramount importance. We will grow in line with the industry growth pattern.In the EMS segment, we continue to engage in new projects as well as provide matching production of high-quality metal components from all our manufacturing facilities to meet our customers’ high expectations. We expect strong growth in the current financial year and also into the next few years as well.In the Automotive segment, we have received orders for the supply of aluminium solenoid valves and will start operations in Q4 FY2024. Also,we are in early discussions to increase our capacity of aluminium auto parts for the braking systems as customers need to buy from nonChinese supplier which should impact FY2025 in higher orders for auto parts.
global demand for data center capacity could rise at an annual rate of between 19 and 22 percent from 2023 to 2030 to reach an annual demand of 171 to 219 gigawatts (GW). A less likely yet still possible scenario sees demand rising by 27 percent to reach 298 GW
Looking ahead, we anticipate Q1 FY2025 sales to align closely with Q4 FY2024 levels. With the introduction of new projects in the automotive and EMS segments, we are optimistic about achieving sustainable growth, targeting a robust 20% to 25% revenue increase for FY2025 compared to the current financial year.
President Trump recently announced the launch of the "Stargate"artificial intelligence infrastructure project. The initiative, a joint venture between OpenAI, Oracle, SoftBank, and the UAE sovereign wealth fund MGX, is backed by a staggering $500 billion investment. With $100 billion allocated, the initial phase will see the construction of several large-scale data centers across the U.S. over the next four years.
OpenAI has long been at the forefront of generative AI development, with its latest GPT models widely adopted across sectors such as business, healthcare, and education. However, as the complexity of AI models continues to rise, computational power has become a critical bottleneck.
Through "Stargate,"OpenAI will gain access to massive data center infrastructure, significantly reducing computational costs and accelerating model training efficiency, thereby solidifying its technological edge.
Data centers will see direct benefits. Global data center capacity demand is expected to double by 2030, growing at a compound annual rate of 19%-27%. At the same time, the rising demand for high-speed communication due to AI model needs will significantly expand the optical communication and data center interconnection markets.
Precision components manufacturer Notion VTec Bhd (KL:NOTION) said it is acquiring a four-hectare vacant freehold agricultural land in Kapar, Klang, for RM29.62 million, as part of the expansion of its manufacturing operations.