BREAKING
AI Trade Moves Down the Stack
The Physical Supply Chain
1
Fab buildout
↓
2
Vacuum and gases
↓
3
AI chips and HBM
↓
4
Power and cooling
Fab Equipment: 2026 to 2028
2026 equipment
165.9
2028 forecast
229.5
Two Supplier Layers
Chip fabs
Upstream
●
Vacuum and abatement
●
Ultra-pure gases
Data centers
Downstream
●
Power distribution
●
Air and liquid cooling
0
%
Atlas vacuum orders
0
%
Vertiv sales
0
TWh
2030 data-center use
Watch Delivery, Not Just Demand
AI NEWS BLITZ
Investors are looking beyond chips to the suppliers behind AI infrastructure.