[JPMorgan Releases AI Power Chip Report, Predicts Market Size to Reach $19.2 Billion by 2028] According to TrendForce Research, JPMorgan has released a report on AI power chips, projecting the AI power semiconductor market size to be $2.7 billion in 2025 and to grow to $19.2 billion by 2028, with a three-year compound annual growth rate of 82%. The growth drivers include the addition of 81 GW of AI data center capacity in 2028 and the replacement of traditional AC architectures with 800V high-voltage DC architectures, increasing semiconductor content per watt from $175 to $260. NVIDIA's Kyber rack is expected to drive 800V mass production in the second half of 2027. Key players include Infineon, MPS, Renesas, Navitas, and others. The mismatch between the power grid expansion cycle and the data center construction cycle is identified as the primary risk.