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Rise of cloud and edge AI applications paves way for new semiconductor opportunities; wafer foundries become crucial, says DIGITIMES Research

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TAIPEI, Oct. 7, 2024 /PRNewswire/ — With the rapid development of the global generative AI market, the semiconductor industry is undergoing unprecedented transformation. DIGITIMES Research released the latest AI Chips Special Report, which highlights that the training and inference of generative AI models rely heavily on substantial computing resources. AI chips providing computational power are becoming a focal point. Whether it’s high-performance AI accelerators in cloud data centers or edge AI device chips driven by privacy concerns, these developments signal an explosive growth period for both hardware and software opportunities in AI applications. Advanced manufacturing technologies and capacities of wafer foundries will be key to realizing the accelerated computing needs of AI chips.

Generative AI development is led by cloud-based AI, with wafer foundries’ advanced processes, advanced packaging, HBM capacity expansion, and strong demand for AI servers in cloud data centers. Analyst Stella Weng forecasts that from 2023 to 2028, the compound annual growth rate (CAGR) of high-end GPUs for the cloud will reach 44%, while cloud ASIC accelerators will see a CAGR of 52%. Weng further notes that 2022 to 2024 will be a high-growth period for cloud AI accelerators. As cloud service providers refine their AI application infrastructure, the growth in AI server demand is expected to slow down in the future, gradually shifting towards replacement-focused demand.

In response to the strong production demand for cloud and edge AI chips, wafer foundries are also accelerating the expansion of advanced processes and packaging capacities. Analyst Eric Chen estimates that from 2023 to 2028, the CAGR of advanced process expansion below 5 nanometers in the wafer foundry industry will reach 23%. In the field of advanced packaging, AI chips heavily rely on TSMC’s CoWoS packaging technology, and thus TSMC’s CoWoS capacity expansion CAGR will exceed 50% from 2023 to 2028. Chen also mentioned that to meet the shipping and performance enhancement needs of AI chips, wafer foundries are actively advancing the development of advanced processes and packaging technologies, including photolithography techniques, new transistor structures, back-end power delivery (BSPDN), 2.5D/3D advanced packaging, glass substrates, chip-on-wafer-on-substrate (CoWoS), and silicon photonics integration.

Generative AI applications are rapidly expanding, transitioning from cloud-based services to edge deployments. DIGITIMES Research believes that smartphones and PCs will be the first to adopt scaled production. The development and market changes of AI application processors (APs) in smartphones are noteworthy. Analyst Jim Chien forecasts that global shipments of generative AI smartphone APs will reach 260 million units in 2024 and could rise to 800 million units by 2028, with a shipment CAGR of 65% during this period. Benefiting from the growth in AI smartphone AP shipments, an estimated 240 million AI smartphones will be shipped in 2024, with a trend of annual increases, potentially exceeding a 50% penetration rate for AI smartphones by 2028.

In the AI PC sector, analyst Joyce Chen notes that in 2024, PC hardware and software vendors are actively testing the AI PC market. By 2025, with PC processors enhancing computational power and reducing power consumption through more advanced processes, and with Microsoft’s discontinuation of Windows 10 and the introduction of Copilot products to the endpoint market, a new wave of AI PC growth will emerge. Chen predicts that AI PC processor shipments will approach 50 million units in 2024, with subsequent shipments increasing annually as PC hardware and software integration stabilizes, reaching up to 150 million units by 2028, with a shipment CAGR of 39% during this period.

Looking ahead, the deployment of AI applications will bring substantial business opportunities, not only expanding existing markets but also transforming current technology and capacity demands under new needs, further intensifying competition in the chip market and leading to unprecedented changes in the semiconductor ecosystem.

For more insights into the impact of generative AI on cloud and edge computing, read our latest AI Chip Special Report. It will guide you through the development of technologies across the supply chain, including upstream, midstream, and downstream, as well as the emergence of various AI hardware devices, providing detailed insights into market share and development blueprints for AI chips

About DIGITIMES Asia

DIGITIMES Asia is a leading professional media platform specializing in global technology industry supply chains, regional markets, technology applications, and market trends. DIGITIMES Research offers comprehensive research data, production and sales information, and expert analysis across industry sectors and end markets, providing consulting services that bring macro trends and forward-looking value to clients.

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SOURCE DIGITIMES ASIA

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Hexagon Composites ASA: Eirik Løhre appointed permanent CFO

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May 5, 2026

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OSLO, Norway, May 5, 2026 /PRNewswire/ — Reference is made to the stock exchange announcement dated 11 November 2025, where Eirik Løhre was appointed interim CFO in Hexagon Composites.

The Company is pleased to inform that Eirik Løhre has been appointed permanently to the role of CFO in Hexagon Composites, effective today.

Eirik Løhre has been with the Company since 2021 and prior to his role as interim CFO, he served as EVP Corporate Development on the Executive Team.  

“Eirik has demonstrated strong financial leadership and execution, and he has been instrumental in strengthening our financial performance. I look forward to continuing our work together to develop and position Hexagon in this next phase of growth,” said Philipp Schramm, CEO, Hexagon Composites. 

For more information:
Berit-Cathrin Høyvik, Senior Director, Communications, Hexagon Composites
Tel: +47 988 92 161, berit-cathrin.hoyvik@hexagongroup.com

About Hexagon Composites ASA
Hexagon delivers safe and innovative solutions for a cleaner energy future. Our solutions enable storage, transportation and conversion to clean energy in a wide range of mobility and industrial applications. Learn more at www.hexagongroup.com and follow @HexagonASA on LinkedIn.

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LONGPORT Whale Enters Malaysian Market with Next Generation Trading Infrastructure for Local Brokerages

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May 5, 2026

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LONGPORT Whale, with proven track record across 100+ institutional clients in Asia, makes its Malaysia debut at Bursa Malaysia Stockbroking Trade Fair 2026

KUALA LUMPUR, Malaysia, May 5, 2026 /PRNewswire/ — LONGPORT Whale, a provider of AI-Ready securities trading infrastructure, is making its entry into the Malaysian market at the Bursa Malaysia Stockbroking Trade Fair 2026. The move comes as Malaysia’s Capital Market Masterplan 2026–2030 (CMP4) continues to hone in on local brokerages to modernise core systems, balancing investor experience, regulatory compliance, and operational resilience simultaneously.

Malaysian brokerages are increasingly confronted by a challenge that goes beyond front-end upgrades. Legacy architectures struggle to keep pace with digital-native investor expectations, rising cybersecurity standards, and the demand for multi-market expansion simultaneously. For many such brokerages, the question is no longer whether to modernize, but how to do so without adding complexity or disrupting the business continuity that clients depend on.

Zhong Hua, CEO, LONGPORT Whale, said, “Core trading infrastructure must support continuous evolution — in investor experience, compliance, and AI readiness — without adding unnecessary complexity. The brokerages that lead the next decade won’t be the ones with the best system today; they’ll be the ones whose systems are designed to keep getting better. LONGPORT Whale aims to bring its Asia-proven experience to help Malaysian brokers strike that balance.”

Built on a cloud-native microservices architecture and trusted by more than 100 institutional clients in Asia, Whale’s platform is engineered by industry professionals and refined through years of first-hand operational experience. For the Malaysian market, it addresses four priorities: a best-in-class trading experience validated across competitive, highly regulated markets in Asia; system resilience and performance built for institutional scale, with high system performance and output, real time risk management, and low system latency; global market connectivity spanning Malaysia, Singapore, Hong Kong SAR, US, and Japan without requiring system rebuilds; and an API-first, data-unified architecture that gives brokerages a practical foundation for AI adoption.

Hong Kong SAR and Singapore, where Whale serves online brokers, traditional banking firms, banks and wealth management institutes in a stringent regulatory environment, serve as the primary reference market for its Malaysia expansion. The company said it aims to work with local industry participants as both an infrastructure partner and a contributor to broader conversation on responsible modernization under CMP4.

About LONGPORT Whale

LONGPORT Whale provides integrated securities trading infrastructure to brokers, banks, fund houses, wealth managers, and family offices across Asia. Its cloud-native platform supports multi-market, multi-asset trading across front-, middle-, and back-office workflows, with a deployment model designed for regulatory alignment and long-term scalability. Website: www.longportwhale.com

Media Contact
LONGPORT Whale PR Team
Email: media@longportwhale.com

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SOURCE LONGPORT Whale

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Thunes and Vodacom Tanzania Unite to Power Cross-Border M-Pesa Payments Across China and Uganda

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May 5, 2026

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Collaboration revolutionises trade & financial convenience for Tanzanian merchants and consumers

SINGAPORE, May 5, 2026 /PRNewswire/ — Thunes, the Smart Superhighway to move money around the world, has joined forces with Vodacom Tanzania, the country’s leading telco company, to transform cross-border trade and digital financial inclusion with Vodacom’s new M-Pesa Global Payment solution. Thanks to the collaboration, Vodacom customers in Tanzania can now seamlessly pay merchants in Uganda and China directly from their mobile phones.

This milestone solution responds to growing demand from Tanzanian traders who engage in commerce with Ugandan and Chinese markets but often face challenges with costly, slow, and insecure payment methods. With this innovation, leveraging the Thunes Direct Global Network, Vodacom aims to bridge those gaps, offering secure, real-time digital payments across borders and reinforcing its leadership in mobile money innovation in Africa.

The solution supports trade with two key markets for Tanzania. For eight consecutive years, China has been Tanzania’s largest trading partner, with bilateral trade hitting $8.8 billion in 2024. In the same year, bilateral trade between Tanzania and Uganda reached approximately $2.23 billion, an increase of 64% on the previous year.

Epimack Mbeteni, M-Pesa Director at Vodacom Tanzania said: “This is more than just a payment feature, it is a catalyst for economic empowerment and a gateway for small and medium businesses and entrepreneurs in Tanzania to compete and thrive in regional and global markets. Through Thunes’ expansive and trusted Network we are enabling seamless, secure, and affordable cross-border payments that empower people, fuel trade and place M-Pesa at the center of Africa’s digital commerce future.”

Through Thunes’ Direct Global Network, customers can now send payments to merchants in Uganda using MTN MoMo and to Chinese merchants through the Alipay network, all through the M-Pesa USSD menu or the M-Pesa Super App. The process is secure, user-friendly, and eliminates the burden of traditional banking barriers for everyday traders and businesses.

Dawei Wang, SVP Network at Thunes, added: “Vodacom Tanzania joining the Thunes Direct Global Network to digitise cross-border payments is a game changer for local businesses. By combining Vodacom’s technology with Thunes’ trusted and proprietary Network, Tanzanian customers can pay partners in China and Uganda in real time. This innovation accelerates interoperability along with international trade and business growth and supports our vision of connecting the next billion end users to the global economy.”

This initiative stands as a strategic enabler for consumers and micro, small, and medium enterprises (MSMEs) who need reliable and quick financial tools such as mobile money. A 2025 GeoPoll survey on Tanzania Financial Services and Usage found that 94% of the survey’s respondents use mobile money.

The Thunes and Vodacom Tanzania alliance is set to transform the lives of millions of consumers by dismantling cross-border barriers. By hyper-connecting Tanzania to global powerhouses like China and streamlining intra-African trade, the collaboration is helping to build an inclusive economy and grow Tanzania’s role as a force in the global market.

About Vodacom Tanzania

For more information, visit: https://www.vodacom.co.tz/

About Thunes

For more information, visit: https://www.thunes.com/

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