Thailand’s Delta Sees AI Boom Boosting Sales for Coming Years

(Bloomberg) — Delta Electronics (Thailand) Pcl, the country’s most valuable publicly traded company, is predicting “double-digit” sales growth to continue for at least the next couple of years on rising demand for AI-related tech, Chief Executive Officer Victor Cheng said.

The maker of components for data centers and electric vehicles is boosting investment to fuel its expansion, Cheng said in an interview. The company also says it plans to raise its sales forecast for the second half of this year, without disclosing what its estimate is.