The US AI boom has a hardware problem:
US imports of major electrical equipment rose +4.7% YoY in 2025, to $411 billion.
This equipment, including transformers, switchgear, and batteries, is needed to power the data centers that run AI systems.
Since 2020, imports have risen
US imports of major electrical equipment rose +4.7% YoY in 2025, to $411 billion.
This equipment, including transformers, switchgear, and batteries, is needed to power the data centers that run AI systems.
Since 2020, imports have risen