CEO of Supermicro Charles Liang speaks during the Reuters NEXT conference in New York City, U.S., December 10, 2024.\u00a0<\/p>\n
Mike Segar | Reuters<\/p>\n
PARIS \u2014 Super Micro<\/a> plans to increase its investment in Europe, including ramping up manufacturing of its AI servers in the region, CEO Charles Liang told CNBC in an interview that aired on Wednesday.<\/p>\n The company sells servers which are packed with Nvidia<\/a> chips and are key for training and implementing huge AI models. It has manufacturing facilities in the Netherlands, but could expand to other places. <\/p>\n “But because the demand in Europe is growing very fast, so I already decided, indeed, [there’s] already a plan to invest more in Europe, including manufacturing,” Liang told CNBC at the Raise Summit in Paris, France.<\/p>\n “The demand is global, and the demand will continue to improve in [the] next many years,” Liang added.<\/p>\n Liang’s comments come less than a month after Nvidia CEO Jensen Huang visited various parts of Europe<\/a>, signing infrastructure deals and urging the region to ramp up its computing capacity.<\/p>\n Growth to be ‘strong’<\/p>\n Super Micro rode the growth wave after OpenAI’s ChatGPT boom boosted demand for Nvidia’s chips, which underpin big AI models. The server maker’s stock hit a record high in March 2024. However, the stock is around 60% off that all-time high over concerns about its accounting and financial reporting<\/a>. But the company in February filed its delayed financial report for its 2024 fiscal year<\/a>, assuaging those fears.<\/p>\n