Global Multi-Industry: Potential China AI build-out acceleration; MI implications

研报英文原文证据摘录

Global Multi-Industry: Potential China AI build-out acceleration; MI implications

Equity Research

U.S. Multi-Industry

9 June 2026

Global Multi-Industry

Potential China AI build-out

acceleration; MI implications

VRT, SU, ABB look best positioned. Geopolitics at present are U.S. Multi-Industry

likely to mean that this opp’y may not be as ripe for Western NEUTRAL

manufacturers as the Telcom / HVDC build-outs were earlier U.S. Multi-Industry

Julian Mitchell

this century. +1 212 526 1661

julian.mitchell@barclays.com

BCI, US

Jimmy Yunhao Jiang

+1 212 526 6042

THE EXTEL SURVEY IS CLOSING SOON jimmy.jiang@barclays.com

Support our industry-leading Haemaru Chung

analysts with 5-Star votes in +1haemaru.chung@barclays.com212 526 4758

the 2026 Extel All-America BCI, US

Drew Smith

Research Survey. +1 212 526 1325

drew.smith@barclays.com

Vote Now View Analysts

European Capital Goods

George Featherstone, CFA

+44 (0)20 3555 8585

We appreciate your 5-star vote in the 2026 Extel All-America Research Survey in the Electrical george.featherstone@barclays.com

Equipment & Multi-Industry category. View our analysts » Vote 5 Stars for Barclays » Barclays, UK

This morning, Bloomberg reported that China is preparing to spend around CNY2trillion

(~$300bn) over the next 5 years on building out datacenters domestically. The

unconfirmed article says that state firms will operate the majority of these new datacenters, and

will rely on local suppliers, for instance for ~80% of the chips. For our broader perspectives on

global Datacenter GW capacity additions / the emergence of 800VDC technology, please see our

recent report.

We highlight the following US MI implications:

Some sales opp’y likely… It is likely that there will be some revenue opportunity for US MI