The server market notes North American cloud providers as the growth engine, with enterprise OEMs cautious, and AI servers plus efficient cooling as priorities. Key players like Compal and Supermicro focus on AI servers and new cabinet offerings, eyeing Middle East opportunities and regional capacity, while shipment timing is influenced by regional plant starts.

Key Highlights

• North American CSPs are the core growth driver, with enterprise OEMs holding back due to policy and cost considerations.
• AI servers and advanced cooling solutions are the focus, with cooling tech and cabinet designs critical; system cadence is affected by geopolitics.
• Compal and Supermicro strategies center on AI servers and explore Middle East opportunities and Americas capacity plans impacting delivery timing.
• Tariffs and capex reductions pose near-term headwinds; long-term AI server and cloud demand are expected to propel growth, with rising ARM adoption.
• Auras/AVC play a core role in liquid cooling, Rubin platform adoption could boost market penetration.
• Overall, AI servers and cloud compute remain the long-term growth drivers, though geopolitics and capacity dynamics will influence timing.

Table of Contents

1. TrendForce's View
2. ODM Dynamics
   • 2025 YoY Growth in L6 MB Production among ODMs
3. CPU, GPU and ASIC Dynamics
4. Thermal/Power Related Updates

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