Investor Note - Process Control is Power Control
From critical dimensions to critical watts
Hyperscalers are starting to look less like software companies — and more like power utilities.
In the AI era, the key question is no longer just chip yield. It’s how much energy-efficient compute can be produced per megawatt, at scale and over time.
That shift is changing the economics of data centers — and putting semiconductor process control at the center of AI infrastructure.
In our new investor note, “Process Control is Power Control,” we explore why variability is becoming the dominant constraint in AI scaling, and why process control is emerging as a new strategic asset class.