The conversations extended well beyond today’s data center buildout, highlighting growing opportunities across the ecosystem from power and memory architectures to compute and optical interconnect, with emerging applications in physical AI, robotics and aerospace offering additional avenues for growth.

There was a clear recognition that meeting this demand won’t be easy. Capacity constraints and supply shortages remain a challenge across several parts of the value chain, reinforcing the importance of scale, execution and investment.

Those issues were further explored in a timely discussion on trade, tariffs and technology policy with US Trade Representative Ambassador Jamieson Greer, underscoring how geopolitics and industrial strategy are becoming important considerations for companies and governments navigating an increasingly strategic and interconnected sector.

Taken together, these conversations highlighted how the semiconductor sector is navigating both immense opportunity and growing complexity — creating a dynamic backdrop that could support continued innovation, capital raising and strategic M&A activity.