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Advanced Energy makes the precision power that runs the machines that make chips — the RF generators, DC and pulsed-power supplies and control systems embedded inside the etch and deposition tools of Applied Materials, Lam Research and Tokyo Electron. It has parlayed that sticky franchise into a fast-growing data-center power business riding the AI build-out, plus industrial, medical and telecom power.

What Advanced Energy Industries, Inc. really sells

Advanced Energy makes the precision power that runs the machines that make chips — the RF generators, DC and pulsed-power supplies and control systems embedded inside the etch and deposition tools of Applied Materials, Lam Research and Tokyo Electron. It has parlayed that sticky franchise into a fast-growing data-center power business riding the AI build-out, plus industrial, medical and telecom power.

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