Rohm (6963.T): Hosts media seminar on AI server market

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Rohm (6963.T): Hosts media seminar on AI server market

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28 Jul 2026 08:32:21 ET │ 10 pages

Rohm (6963.T)

Hosts media seminar on AI server market

CITI'S TAKE

Buy On July 28, Rohm hosted a media seminar on the AI server and DC market,

featuring Mr. Kengo Ka, President of Delta Electronics Japan, as a guest Price (28 Jul 26 15:30) ¥4,117.0

speaker. We expect limited near-term share price impact as the company Target price ¥6,000.0

provided no quantitative target updates. However, we did confirm that the Expected share price return 45.7%

company is collaborating more closely with customers on AI data center Expected dividend yield 1.2%

development than before. The seminar emphasized that power efficiency Expected total return 47.0%

will become increasingly critical as AI data center demand expands, and

Market Cap ¥1,589,396M we believe Rohm's business opportunities will multiply given its

US$9,706M comprehensive power semiconductor portfolio across SiC, GaN, and Si,

plus its analog semiconductors for control applications.

Future AI data center trends — Mr. Ka explained that increasing AI data center Takayuki NaitoAC

power consumption will drive adoption of high-volage direct current (HVDC) and +81-3-6776-4644

other power-saving technologies, as well as changes in cooling methods. He takayuki.naito@citi.com

indicated that the firm anticipates a long-term shift toward an autonomous

distributed model where each data center integrates power infrastructure. As an

example of consumption growth, US AI data center power consumption was c4% of

total consumption in 2023 but is expected to rise to 12% by 2028.

Rohm's competitive advantages — The company explained that HVDC expansion

at next-generation AI data centers will increase demand for across the suite of