Tech distributors Redington, Ingram ride the boom in AI
Bengaluru, Nov. 10 -- Technology distributors Redington Ltd and Ingram Micro Holding Corp., best known for supplying iPhones and laptops to retailers and businesses, are emerging as beneficiaries of India's artificial intelligence (AI) and data centre boom. Demand for AI servers, chips and other data centre infrastructure is driving growth for both firms, offering a new avenue for expansion.
While selling AI compute accounts for about a fifth of their revenue, it is among the fastest-growing segments for both firms. The firms get three-fifths of their business from phone and laptop supply to retailers and businesses.
At Chennai-based Redington, world's eighth-largest technology distributor, management expects its technology solutions group ...
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