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Artificial Intelligence (AI) Chips Market to Grow by USD 902.65 Billion by 2029, Boosted by Focus on AI Chips for Smartphones, Report on AI Impact on Market Trends- Technavio

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NEW YORK, Feb. 3, 2025 /PRNewswire/ — Report on how AI is redefining market landscape – The global artificial intelligence (AI) chips market size is estimated to grow by USD 902.65 billion from 2025-2029, according to Technavio. The market is estimated to grow at a CAGR of over 81.2%  during the forecast period. Increased focus on developing ai chips for smartphones is driving market growth, with a trend towards convergence of AI and IoT. However, dearth of technically skilled workers for ai chips development  poses a challenge. Key market players include Advanced Micro Devices Inc., Baidu Inc., Broadcom Inc., Cerebras, Fujitsu Ltd., Google LLC, Graphcore Ltd., Huawei Technologies Co. Ltd., Intel Corp., International Business Machines Corp., MediaTek Inc., Microchip Technology Inc., NVIDIA Corp., NXP Semiconductors NV, Qualcomm Inc., SambaNova Systems Inc., Samsung Electronics Co. Ltd., SenseTime Group Inc., Taiwan Semiconductor Manufacturing Co. Ltd., and Tesla Inc..

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Artificial Intelligence (AI) Chips Market Scope

Report Coverage

Details

Base year

2024

Historic period

2019 – 2023

Forecast period

2025-2029

Growth momentum & CAGR

Accelerate at a CAGR of 81.2%

Market growth 2025-2029

USD 902649.3 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

61.7

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

North America at 42%

Key countries

US, Canada, China, UK, Germany, France, Japan, Italy, India, and Brazil

Key companies profiled

Advanced Micro Devices Inc., Baidu Inc., Broadcom Inc., Cerebras, Fujitsu Ltd., Google LLC, Graphcore Ltd., Huawei Technologies Co. Ltd., Intel Corp., International Business Machines Corp., MediaTek Inc., Microchip Technology Inc., NVIDIA Corp., NXP Semiconductors NV, Qualcomm Inc., SambaNova Systems Inc., Samsung Electronics Co. Ltd., SenseTime Group Inc., Taiwan Semiconductor Manufacturing Co. Ltd., and Tesla Inc.

Market Driver

Artificial Intelligence (AI) is revolutionizing industries from healthcare to retail, finance, and automotive with deep learning and machine learning algorithms. The demand for AI technologies is driving the growth of AI chips market. Companies like Advanced Micro Devices, Nvidia, and Huawei are leading the way with AI chip lines, such as Trainium2 and A100 chip, designed for high computing and parallel processing. Quantum computing and generative AI are the next frontiers. Hardware components like CPUs, GPUs, FPGAs, and ASICs are essential for AI technologies. Energy efficiency is a key consideration, with AI chipmakers focusing on highbandwidth memory and system on chip designs. Cloud providers like Microsoft Azure, Amazon Web Services, and Google Cloud offer AI services, while edge computing enables real-time applications on Edge devices. Ethical concerns around AI use are rising, with specific integrated circuits and multichip modules being developed to address these issues. AI data centers and cognitive computing are powering AI applications in various sectors, including healthcare, retail, finance, automotive, and manufacturing. Patent filings for AI technologies continue, with potential applications in mobile health monitoring, elderly population care, and image recognition. The future of AI lies in the intersection of AI, robotics, and quantum computing, with potential use cases in autonomous vehicles, IoT devices, and Industry 4.0. The market for AI chips is expected to grow significantly, with investments in research and development and collaboration between tech giants and startups. However, system failure and malfunctioning remain challenges, with ongoing efforts to improve reliability. 

The Internet of Things (IoT) market is experiencing significant growth due to the advantages it offers in various industries, including aerospace and defense, automotive, consumer electronics, healthcare, and more. IoT devices make decisions using data they receive, eliminating the need for human intervention. To enhance their capabilities, IoT device manufacturers integrate Human-Machine Interface (HMI) technologies into devices such as cameras, drones, smart speakers, smartphones, smart TVs, and others. This integration leads to the deployment of Artificial Intelligence (AI) chips in IoT devices, enabling power-efficient data processing and machine learning computation. The high demand for IoT devices and the integration of AI chips make the AI Chips Market a lucrative business opportunity. 

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 Market Challenges

Artificial Intelligence (AI) is revolutionizing industries from healthcare to retail, finance, and automotive. However, the growing demand for advanced AI technologies, including deep learning and robotics, poses challenges for hardware components like AI chips. Traditional CPUs, GPUs, FPGAs, and ASICs struggle to meet the high computing requirements of AI algorithms and machine learning models. Leading tech companies like Advanced Micro Devices, Nvidia, and Huawei are investing in AI chip lines to address these challenges. For instance, Nvidia’s A100 chip and Huawei’s Ascend 910B chipset are designed for AI data centers, while the Trainium2 chip focuses on edge computing. Energy efficiency is another concern, as AI applications, such as generative AI and large language models, require massive data processing. Highbandwidth memory and quantum computing are potential solutions, but they present their own challenges. Moreover, ethical concerns surrounding AI technologies, such as system failure and malfunctioning, require careful consideration. Edge computing and centralized cloud servers offer alternatives for real-time applications and reducing latency. AI applications span various industries, including healthcare, retail, finance, and automotive. Ethical concerns and energy efficiency challenges must be addressed to ensure the widespread adoption of AI technologies. AI technologies like cognitive computing, machine intelligence, image recognition, and pose detection are transforming industries, from healthcare to retail, finance, automotive, and more. Patent filing and system failure are concerns, but the potential benefits far outweigh the challenges. AI technologies are also being integrated into everyday devices, such as mobile phones, personal computers, gaming consoles, and even wearable devices and smart homes. Theoretical and algorithmic basis, visual understanding, and automatic analysis are essential for these applications. In conclusion, the AI chip market is experiencing significant growth, driven by the increasing demand for AI technologies in various industries. However, challenges related to energy efficiency, ethical concerns, and system failure must be addressed to ensure the widespread adoption of AI technologies. Companies are investing in AI chip lines, such as Nvidia’s A100 chip and Huawei’s Ascend 910B chipset, to meet the demands of AI applications in industries like healthcare, retail, finance, and automotive. Edge computing and centralized cloud servers offer alternatives for real-time applications and reducing latency. The future of AI technologies is bright, with potential applications in manufacturing machines, processors, GPUs, FPGAs, CPUs, DSPs, microcontrollers, frame buffers, display devices, and programmable logic chips.The AI chips market is experiencing significant growth due to the potential revenue increases that companies can achieve through artificial intelligence implementation. However, the market’s expansion is hindered by a shortage of skilled professionals with expertise in AI technology. The high research and development costs associated with AI integration and the lack of available talent pose challenges for enterprises. To address this issue, companies must carefully evaluate the benefits and requirements before implementing AI solutions. The scarcity of experienced AI professionals is currently the greatest barrier to the widespread adoption of AI within business operations.

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Segment Overview 

This artificial intelligence (ai) chips market report extensively covers market segmentation by  

ProductASICsGPUsCPUsFPGAsEnd-userMedia And AdvertisingBFSIIT And TelecommunicationOthersGeographyNorth AmericaEuropeAPACSouth AmericaMiddle East And AfricaProcessing TypeEdgeCloudApplicationNature Language ProcessingRoboticsComputer VisionNetwork SecurityOthersTechnologySystem On ChipSystem In PackageMulti Chip ModuleOthers

1.1 ASICs-  Artificial Intelligence (AI) chips are experiencing significant growth due to the increasing adoption of application-specific integrated circuits (ASICs) in data centers. ASICs are customized, non-configurable chips that offer faster performance than GPUs and FPGAs. Google’s Tensor Processing Unit (TPU) is an example of an ASIC designed for deep neural networks. TPUs provide higher performance and speed compared to GPUs, FPGAs, and CPUs. The TPU is a network of software and hardware that learns specific tasks by analyzing large data sets. TensorFlow, an open-source machine learning library, is used with TPUs to develop new algorithms. ASIC-based AI chips are gaining market share due to their ability to offer superior performance and speed in data center applications. The use of ASICs in cloud-based data centers is driving the growth of the AI chips market.

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Research Analysis

Artificial Intelligence (AI) Chips Market: The global AI Chips Market is experiencing significant growth due to the increasing adoption of AI technologies in various industries. Deep learning and machine learning algorithms are driving the demand for AI chips, which are specialized hardware components designed to accelerate AI computations. AI chips include specific integrated circuits like CPUs, GPUs, FPGAs, and system on chips. Quantum computing is also expected to revolutionize AI technologies, leading to the development of advanced AI chips. The market is witnessing innovation with the introduction of new AI chips like Trainium2, designed for high-performance AI applications. Industries such as healthcare, retail, finance, automotive, and IoT devices are major consumers of AI chips. Ethical concerns surrounding AI are also pushing the need for more advanced AI chips to ensure transparency and accountability. The market is segmented into cloud and edge computing, with the edge computing segment expected to grow due to the increasing demand for real-time AI processing. Highbandwidth memory is another crucial component in the development of advanced AI chips. The market is expected to grow significantly in the coming years, with new applications and use cases emerging in robotics, autonomous vehicles, and generative AI.

Market Research Overview

Artificial Intelligence (AI) Chips Market: Overview The AI Chips Market is a rapidly growing sector driven by the increasing demand for advanced AI technologies, including deep learning and machine learning, in various industries. AI Chips are specialized hardware components designed to accelerate AI algorithms and technologies, such as neural networks, quantum computing, and cognitive computing. These chips are integral to powering AI applications in robotics, computer vision, natural language processing, and other fields. The market for AI Chips encompasses a range of hardware components, including CPUs, GPUs, FPGAs, ASICs, DSPs, and microcontrollers. Companies are investing heavily in research and development to create more energy-efficient and high-performance AI chips to meet the demands of real-time applications and big data processing. Key trends in the AI Chips Market include the development of AI chip lines, such as Nvidia’s A100 chip and Ascend 910B chipset, and H200 chipset, as well as the integration of highbandwidth memory and other advanced technologies. The market is also seeing the emergence of edge computing and the use of AI in centralized cloud servers and edge devices, such as mobile phones and IoT devices. Applications of AI Chips span various industries, including healthcare, retail, finance, automotive, and manufacturing. Ethical concerns surrounding AI and the potential for system failure or malfunctioning are also driving the need for more advanced and reliable AI chips. The market is expected to continue growing as AI technologies become increasingly integrated into everyday life, from health monitoring and personalized health to smart homes, connected cars, and manufacturing machines. The theoretical and algorithmic basis of AI technologies, including deep learning and machine learning, continue to evolve, with advancements in image recognition, pose detection, behavioral patterns, and structured data analysis. Patent filing and innovation are key drivers in the AI Chips Market, with companies investing in research and development to stay ahead of the competition. The market for AI Chips is diverse and dynamic, with applications ranging from mobile phones and embedded systems to personal computers, gaming consoles, and data centers. The future of AI Chips lies in their ability to provide high computing power, parallel processing, and energy efficiency, making them essential for powering the next generation of AI technologies and applications.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ProductASICsGPUsCPUsFPGAsEnd-userMedia And AdvertisingBFSIIT And TelecommunicationOthersGeographyNorth AmericaEuropeAPACSouth AmericaMiddle East And AfricaProcessing TypeEdgeCloudApplicationNature Language ProcessingRoboticsComputer VisionNetwork SecurityOthersTechnologySystem On ChipSystem In PackageMulti Chip ModuleOthers

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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Aquiline Drones Debuts First Anti-Graffiti Drone in Nationwide Campaign

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Aquiline Drones Embarks on Nationwide Campaign – Using Disruptive Technologies: Drones and AI cameras to Fight Unsightly Graffiti.

HARTFORD, Conn., Feb. 15, 2025 /PRNewswire-PRWeb/ — Aquiline Drones Embarks on Nationwide Campaign – Using Disruptive Technologies: Drones and AI cameras to Fight Unsightly Graffiti.

Unsightly graffiti is a menace to communities and metropolises, worldwide! More than just a nuisance, graffiti is a form of vandalism, making it a crime that devalues property and consumes valuable police time and other public resources.

Moreover, graffiti negatively affects communities by creating a perception of neglect or disorder, lowering property values, deterring businesses, and contributing to feelings of insecurity among residents, especially if associated with gang activity or offensive content.

Globally, cities like Sydney invest in anti-graffiti technologies such as surveillance cameras and protective coatings on walls, to prevent graffiti before it happens. Clearly however, these efforts, while seemingly progressive, prove inadequate by only scratching the surface. As is the case with graffiti tagging, the problem recurs – even increasing and likely fostering retaliation by taggers.

Thankfully, a more complete solution has emerged. An absolute game-changer in the fight against graffiti by taking it one step farther and aiming to largely eradicate it. This timely solution blends key technologies – smart cameras, artificial intelligence (AI) and graffiti drones…yes, drones, ready to get the job done once and for all!

CT-based Aquiline Drones (AD) – a drone technology enterprise, has debuted the only proven solution available today. that is a complete and highly effective technology solution that can reduce the recurrence of graffiti by a factor of 10, especially in harder-to-reach areas.

Having successfully incubated this solution aided by prime customer, Washington State Department of Transportation (WSDOT), AD now embarks on a nationwide campaign targeting States, and their municipalities and regions to significantly reduce the occurrence of this problem.

“If technology benefits society, I say let it. And let’s be deliberate about success while we’re at it!” says Barry Alexander, Founder and CEO of Aquiline Drones. “Time to make America clean again” Alexander continues.

Currently, graffiti-based vandalism is on a sharp increase in America – globally too, costing an estimated $12 billion (in the US alone) in annual cleanup expenses! Even worse is that this expense is incurred by public entities and thus, taxpayers. In most cases, residents also incur costs to remove graffiti from their private property.

Disruptive Technology that Works – AD’s Graffiti Abatement (GA) solution

AD’s GA solution is results-oriented. Its primary goal is to significantly reduce graffiti tagging incidences nationwide by a factor of 10. As an example, in Seattle, Washington, a city of approximately 755,000 residents, city agencies removed 5,000 graffiti tags in 2019 and 8,700 in 2021. In 2023, KIRO-TV reported that there were around 20,000 graffiti reports in 2021 – a sharp and uncontrollable increase!

Using the city of Seattle again as an example, the city’s Graffiti Nuisance Ordinance requires property owners to remove graffiti within 10 days of receiving a notice. If graffiti is gang or hate related, it must be removed within 48 hours. Property owners who don’t remove graffiti within the 10-day window may face fines of up to $5,000.

Applying AD’s turnkey GA solution to the city of Seattle and its stats, would probably realize a reduction in the number of graffiti tags from 20,000 (in 2023) to 2,000 while remaining sensitive to societal expression through acceptable forms of street art. Contextually, while Seattle has an ordinance against graffiti tagging, the city does recognize the value of street art and has commissioned murals from local artist.

AD’s solution starts with surveillance. Single or multiple sites can be monitored simultaneously, equipped with security cameras. AD’s cameras are solar powered, cloud connected via LTE and have night vision IR (infrared), with its live feed stored both locally and on AD’s proprietary cloud and backed up on Amazon Web Services (AWS). AD’s AI framework accesses these camera feeds and uses Machine Vision to analyze the data to detect any human object(s) in the vicinity of the monitored sites. This refined model uses AI detection to identify specific acts such as graffiti painting, other illegal acts, loitering, etc. The camera data is then analyzed and persons detected in the vicinity triggers email notifications to email addresses supplied by the Department of Transportation (DoT) and sent to Traffic Management Centers (TMCs) and law enforcement. Analyzed data is stored and made available to the client(s). Data transmission and storage occurs within the US, on local servers.

AD’s framework utilizes domestic LTE carriers along with AWS (Amazon’s cloud) as backup to the AD Cloud, which provides the highest levels of data security.

AD’s GA solution is broken down into two distinctive phases: 1) Surveillance/monitoring, analytics, and push notification; and 2) Graffiti abatement using AD’s Spartacus Endure drones.

For surveillance, AD uses AI enabled smart cameras to provide real time monitoring while computing on the edge, to detect occurrences of graffiti and vandalism. For suspected incidents, AD uses highly accurate computer vision and machine learning on the AD Cloud to further eliminate false positives. This process is highly autonomous and strongly protective of all personally identifiable information (PII) from the processed data.

Graffiti Abatement (GA). At center stage of the solution is AD’s anti-graffiti drone – the Spartacus Endure, Power-Washing, Painting & Graffiti drone, which is the most versatile in its class. The Endure is the only drone on the market capable of performing multiple challenging tasks using the same drone by simply swapping out its payload (its undercarriage).

Customers can choose from an assortment of payloads: spray bars, straight lances, carrying baskets, winches, cameras/sensors, seed spreaders/hoppers, ag spraying tanks and bars, droppers (used for lifeguard pontoon drops), etc. to have an absolute workhorse like no other!

“Think of the Endure as your trusted John Deere tractor. Change out the bucket and off you go.” Alexander continues.

The versatility of AD’s Spartacus Endure drone is what makes it unique. It’s literally unmatched, giving users’ ultimate freedom and flexibility. This versatility is highly-beneficial to those customers already owning an Endure drone, for example, increasing its utility by targeting seasonal work.

Existing Endure owners or prospective customers wanting to start their own power-washing or painting and graffiti-removal business now have the right tool to target these never-ending graffiti removal contracting opportunities. On the public sector (municipalities) side of things, customers can perform different tasks within their jurisdiction, using the same drone.

Imagine municipalities across its many regions using the same drone or a fleet of drones simultaneously, to target multiple sites for graffiti removal and then switch out payloads if desired, in three minutes or less to go power-wash overhead retro reflective highway signage, or to go de-ice electrical pylons, etc. The list goes on, and on!

In his final report, Mike Gauger, Maintenance Superintendent at WASDOT and program visionary adds “The drone program provides a very effective additional tool for graffiti removal in locations where it can mitigate the risk of employee injury due to the graffiti’s precarious locations. It also provides a more cost-effective way to handle graffiti removal from all locations where specialized equipment is required”

Mike concludes by saying “The use of drones to remove graffiti in dangerous and difficult locations is also a better use of resources. It takes less time to remove the graffiti with a drone compared to traditional methods, which deters “retagging.” His story is shared in this short, but one of many, YouTube videos: https://www.youtube.com/watch?v=iVbHRiLVveE

AD provides the entire solution and gives customers the option to pick from an a-la-carte menu:

Drones and associated hardware (built in-house – made in America, Hartford CT.)

Surveillance cameras/hardware (vendor supplied). Back-end digital dashboard, AI analytics, push notifications, etc. (all done by AD)

Training (online, in-house and onsite option). Online training: AD’s proprietary online prep course (Flight to the Future or F2F). Watch YouTube video tutorial: https://www.youtube.com/watch?v=hgd0zD-mcw4&t=17s

With one simple way to get started – via phone call or email:

Email: Info@aquilinedrones.com
Phone: (860) 361-7958

ABOUT AQUILINE DRONES:

Aquiline Drones Corporation (AD) is an all-American drone technology company specializing in drone manufacturing, artificial intelligence (AI), and superior drone pilot training. AD is also self-insured through Aquiline Drones Indemnity Corporation (ADIC). AD’s core management comprises highly experienced aviators, systems engineers, IT gurus, military personnel (including veterans), and business strategists. AD delivers a vertically integrated blend of products and services. AD’s full spectrum of technological solutions is widely applicable across countless industries and environments for superior, real-time data processing and insights. Visit www.AquilineDrones.com for more information.

Media Contact
Barry Alexander, Aquiline Drones Corporation, 1 860-361-7958, info@aquilinedrones.com, https://aquilinedrones.com/

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FAU Joins the Nation’s Most Elite Research Universities and Colleges

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Carnegie Classification of Institutions of Higher Education Designates FAU as ‘R1: Very High Research Spending and Doctorate Production’

BOCA RATON, Fla., Feb. 15, 2025 /PRNewswire/ — Florida Atlantic University has officially established itself among the most prestigious colleges and universities in the United States for its notable accomplishments in research. It now holds the esteemed designation of “R1: Very High Research Spending and Doctorate Production” by the Carnegie Classification of Institutions of Higher Education, and shares this status with less than 5% of the nearly 4,000 universities in the U.S.

“The R1 designation is a highly coveted achievement in the collegiate world, symbolizing the pinnacle of research excellence,” said FAU President Stacy Volnick. “This designation is more than just a title; it serves as a powerful catalyst for transformation, opening doors to major donors and research grants that will elevate our institution’s capabilities and reach.”

In the competitive landscape of higher education, the Carnegie Classification of Institutions of Higher Education plays a pivotal role in determining a university’s standing. To qualify for the R1 status, institutions must meet a stringent set of criteria such as the number of research doctorates awarded and total research expenditures. FAU is now the sixth institution in the Florida State University System to hold R1 status.

“Since its inception, the university’s efforts have been propelled by the tremendous support of our federal congressional delegation and the state’s steadfast commitment to advancing academic research that is crucial to the United States’ safety, security and global competitiveness,” Volnick said.

FAU faculty members drive the university’s rapidly expanding external funding portfolio through their scholarly work, including externally funded research projects, peer-reviewed publications, and initiatives in indexing and polling. In fiscal year 2023-24, FAU received 408 awards and garnered approximately $109 million in research expenditures. Among its most notable awards last year, was a $10 million grant awarded to FAU’s College of Education and College of Engineering and Computer Science from the U.S. Department of Education to train people with disabilities for high-tech jobs.

The prestige associated with R1 status acts like a magnet, drawing in world-class faculty and top-tier students eager to be part of an elite academic community. This influx of talent enhances the university’s academic landscape and boosts its national prestige.

“Ultimately, the R1 designation empowers Florida Atlantic to address pressing societal issues head-on, contributing to advances in health, technology and policy,” said Gregg Fields, Ph.D., FAU vice president for research. “This alignment with societal needs enhances the university’s mission and reinforces its commitment to making a meaningful impact on the world. In this way, the R1 status is beyond an accolade; it’s a vital tool for driving progress.”

FAU is a trailblazer in research, pioneering high-resolution imaging and innovative underwater technologies, including submersibles and remotely operated vehicles. In 1965, it launched the nation’s first undergraduate ocean engineering program, now a State University Program of Distinction. FAU also drives innovation in national security, cybersecurity and biomedical research, making breakthroughs in neuroscience, cardiovascular health and cancer. Its environmental research tackles renewable energy, water quality, sustainability and habitat conservation. Beyond the natural sciences, FAU excels in social sciences, education, arts, literature, history and political science, fostering interdisciplinary connections between culture and society.

FAU’s robust graduate programs also play a crucial role in supporting the research enterprise, cultivating a skilled workforce and nurturing the next generation of researchers. Students benefit from unique research opportunities and internships, immersing themselves in a rich academic environment that encourages exploration and discovery. Research laboratories benefit from talented graduate student assistance in the discovery process.

Looking toward the future, FAU is focused on expanding its graduate programs in key areas such as biotechnology, AI, cybersecurity and marine sciences. The university is committed to fostering interdisciplinary collaboration, ensuring that students and faculty members work across departments to drive innovation. To support this growth, FAU plans to enhance its research infrastructure, investing in state-of-the-art laboratories, specialized centers and advanced technology to facilitate leading-edge research in various fields such as life sciences, engineering and smart health.

Collaboration will remain a cornerstone of FAU’s development, with established partnerships like those with the Max Planck Florida Institute for Neuroscience, Memorial Healthcare, Florida Power & Light and many others — and is expected to grow even stronger. The university also is committed to expanding its global reach, building international research partnerships and providing students with opportunities for global engagement.

“At Florida Atlantic, we are not just building a university — we are shaping a future where discovery knows no boundaries, collaboration drives innovation, and education transforms lives,” Fields said. “The challenges we face today demand bold solutions, and Florida Atlantic is prepared to lead the way.”

About Florida Atlantic University: Florida Atlantic University, established in 1961, officially opened its doors in 1964 as the fifth public university in Florida. Today, Florida Atlantic serves more than 30,000 undergraduate and graduate students across six campuses located along the Southeast Florida coast. In recent years, the University has doubled its research expenditures and outpaced its peers in student achievement rates. Through the coexistence of access and excellence, Florida Atlantic embodies an innovative model where traditional achievement gaps vanish. Florida Atlantic is designated as a Hispanic-serving institution, ranked as a top public university by U.S. News & World Report, and holds the designation of “R1: Very High Research Spending and Doctorate Production” by the Carnegie Classification of Institutions of Higher Education. Florida Atlantic shares this status with less than 5% of the nearly 4,000 universities in the United States. For more information, visit www.fau.edu.

Media Contacts: Gisele Galoustian
Senior Media Relations Director, Research and Health
ggaloust@fau.edu
Mobile: 561-985-4615

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Sigenergy Tackles Africa’s Energy Challenges with Next-Gen Storage Solutions and Real-World Case Studies

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JOHANNESBURG, Feb. 15, 2025 /PRNewswire/ — Sigenergy, a leading energy innovator, hosted an exclusive event on February 14 in Johannesburg to highlight its groundbreaking commercial and industrial (C&I) energy storage solutions. The event featured a real-world case study that showcased the impact of Sigenergy’s products in addressing energy challenges in the region. With over 350 industry leaders, distributors, and installers from across Africa in attendance, the event facilitated thought-provoking discussions among professionals on the growing importance of energy storage in shaping the continent’s future.

Driving Rapid Growth and Global Market Leadership

Sigenergy’s rapid expansion in energy storage was highlighted by Samuel Zhang, President and CTO of Sigenergy, in his opening speech. Zhang specifically acknowledged the crucial support from Herholdt’s Group, South Africa’s largest distributor. “In just one year, Sigenergy has become the fastest-growing inverter company in history. With the backing of our global network of partners, we’ve become the preferred choice for top distributors in markets such as the UK, Ireland, South Africa, Sweden, Australia, and the U.S.,” Zhang stated.

In South Africa alone, Sigenergy achieved nearly 100 MWh in order volume within just seven months, capturing close to 10% of the market share. Globally, the company’s SigenStor system has received high satisfaction ratings, with approximately 90% of homeowners and installers expressing their approval in a 2024 global customer survey.

Addressing Load-Shedding with 0ms Switching

A key highlight of the event was the on-site demonstration of Sigenergy’s SigenStor energy storage solution at South Ocean Electric Wire, a cable manufacturer based in Alberton, South Africa. The company had faced frequent load-shedding, which not only disrupted production but also caused significant financial losses. Relying on costly and environmentally harmful diesel generators had become unsustainable. However, after installing 96 SigenStor units, providing a total of 4.1 MWh of capacity, the factory is now able to operate without interruption.

Sigenergy also enabled a seamless transition from grid to off-grid power with 0ms switching. The system includes Sigenergy’s Energy Gateway C1200, which delivers 1200 kW of power and ensures up to five hours of backup during load-shedding events. As the only company in Africa able to offer such large-scale gateways, Sigenergy can also customize even larger gateways to meet the diverse needs of clients, all with incredibly fast response times.

Innovating for the Future: New Solutions

During the event, Sigenergy unveiled several cutting-edge products that underscore its commitment to continuous innovation. The SigenStack, in particular, stood out as a premier energy storage solution for large-scale C&I and utility applications. Featuring a modular architecture and hybrid inverter, SigenStack delivers between 50 kW and 125 kW of power, with a scalable design that supports up to 100 units in parallel, achieving capacities of several hundred megawatts. This adaptability makes it ideal for even the most complex energy projects.

Additionally, Sigenergy introduced the Sigen Hybrid 2nd Generation and Sigen Gateway HomePro SP/TP. Alongside its hardware advancements, Sigenergy continues to prioritize software development, with the mySigen App offering an industry-leading energy management experience. Regular updates every 3-4 weeks ensure the app remains at the forefront, delivering a smarter, more intuitive experience for installers and end-users alike.

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