Reported about 1 month ago
Japanese electric motor manufacturer Nidec has announced a 10% rise in its second-quarter operating profit, reaching 60.7 billion yen, attributed to cost-cutting measures and a surge in demand for cooling systems for AI data centers. The company maintains its full-year profit forecast of 240 billion yen, sparked by optimism in the water-cooling module market and growth prospects in the electric vehicle sector, despite facing competitive pressures in China.
Source: YAHOO