AMAX Debuts Public Offering, Targets Expansion With Pioneering AI and Liquid Cooling Solutions
Pioneering the Future: AMAX's Public Investment Drive Powers AI Expansion
FREMONT, Calif. & TAIPEI, Taiwan, November 9, 2023 (Newswire.com) - AMAX, a leader in artificial intelligence (AI) and machine learning (ML), high-performance computing (HPC), and liquid cooling solutions, celebrates its initial public offering (IPO) on the Taiwan Stock Exchange (TWSE) as AMAX-KY (6933).
AMAX celebrated its public listing at the Taiwan Stock Exchange earlier today, marking a significant milestone in AMAX’s global expansion. With mirrored production sites for engineered HPC solutions in the United States, Ireland, Taiwan, and China, AMAX positions itself well to deliver cutting-edge computing solutions on a global scale.
With the global demand for advanced server technologies experiencing rapid expansion due to AI/ML development, AMAX has reported a substantial 27% increase in its liquid-cooled complete cabinet solutions over the past three years, significantly contributing to the company's profitability.
Catering to critical needs in design, assembly, sales, and support, AMAX incorporates technologies from industry giants such as Intel, AMD, Cisco, Broadcom, DDN, and NVIDIA. The company boasts a strong international footprint, with 60% of sales generated from EMEA and the US and 40% from APAC.
Pioneering AI Technologies Propel AMAX to Industry Forefront
Chairman and President Jean Shih attributes the company's success to pivotal advancements in AI technologies that have fueled transformative applications ranging from conversational AI to autonomous vehicles. AMAX’s commitment to research and development, particularly in liquid cooling and AI technologies since 2015, has placed it at the forefront of the industry, well ahead of competitors in terms of developing gap technologies and engineering services.
Market research supports the company's strategic direction, with AI server shipments projected to rise by at least 8% in 2023, and the global liquid cooling data center market anticipated to experience a compound annual growth rate of 24%, reaching US$15.56 billion by 2030.
AMAX's Financial Trajectory Signals a New Age in AI
The company's financial performance speaks to its operational excellence, with revenues reaching 209.4 million USD in 2022. The first half of 2023 has already seen revenues of 96.1 million USD, promising a continuation of strong market demand.
AMAX's entry into the public market marks a milestone for the company and investors eager to participate in the growth of a company at the cutting edge of AI and liquid cooling technologies.
AMAX Engineering is a global computer hardware manufacturer that designs and provides advanced HPC, data center, liquid cooling, and AI solutions. Founded in 1979, AMAX is a trusted leader in transforming IT infrastructures at scale. AMAX provides solutions for companies in the sectors of AI, healthcare, semiconductor, telecommunications, and other sectors.
Note to Editors:
For additional details, including investment prospects and detailed financial performance, please refer to the investor relations section on the AMAX website.
This announcement contains forward-looking statements. Actual results may differ materially from those projected due to various factors and uncertainties.