✉news BusinessStartups first seen 1 d ago, last 21 h ago, peak #14
Furniture-turned-AI firm XMax buys GaN chip startup
Original: Furniture-turned-AI firm XMax buys GaN chip startup to power AI data centres
XMax, a company that originally made furniture before pivoting into artificial intelligence, has acquired a startup producing gallium nitride (GaN) chips. GaN semiconductors are prized for power efficiency, making them valuable for AI data centres where energy consumption and cooling costs are major bottlenecks. The move signals XMax's deepening push into AI infrastructure beyond its software and services roots, and adds to a wave of acquisitions targeting power management chipmakers as demand for AI computing capacity surges worldwide.
Why now: Acquisitions of power-efficient chipmakers are drawing attention as AI data centres scramble to cut soaring energy costs.
XMaxGaN chip startupAI data centresDealroom
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