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Innodisk sees over 20% revenue from AI; revenue and profit to increase in 2H24

With the increasing implementation and demand for edge AI applications, DRAM manufacturer Innodisk stated that its edge AI projects have been progressing smoothly with AIoT-related businesses accounting for 21% of its overall revenues in the first half of 2024, rising from 2023’s 19-20%, and the company is aiming to raise the share by an additional 2pp from the first half in the second half of 2024.