LITEON Invests $176 Million in Polish Liquid Cooling Firm DCX to Strengthen AI Infrastructure Portfolio

LITEON Technology (2301.TW), a Taiwan-based electronics and power management company, announced today a strategic investment in DCX POLSKA Sp. z o.o. ("DCX Liquid Cooling Systems"), a Warsaw, Poland-based provider of advanced liquid cooling solutions for AI and high-performance computing (HPC) data centers. The deal, valued at approximately US$176 million, will give LITEON a 25% equity stake in the company upon closing, marking a significant step in the consolidation of power and thermal management capabilities within the AI data center supply chain.

The investment comes as AI adoption continues to accelerate across industries, driving rack power densities to unprecedented levels and making liquid cooling a critical enabling technology for next-generation data centers. DCX Liquid Cooling Systems, founded in 2019 and headquartered in Warsaw, has established itself as a leading innovator in direct-to-chip and immersion cooling, offering a portfolio that spans enterprise-level coolant distribution units (CDUs) ranging from 600kW to 2.6MW, hyperscale-class facility coolant distribution units (FDUs) up to 16MW, as well as cold plates, rack manifolds, and modular data center systems.

By combining DCX's expertise in liquid cooling technologies with LITEON's strengths in AI server power management, rack-level power delivery, and 800VDC power architectures, the two companies aim to deliver highly integrated power and thermal management solutions tailored to the rapidly evolving AI infrastructure market. The partnership will expand collaboration across product development, engineering innovation, manufacturing scale-up, and global go-to-market initiatives, with a focus on serving hyperscale data center customers worldwide.

"AI has become a key force reshaping industries, and data center infrastructure is a critical foundation for unlocking AI's full potential," said Tom Soong, Chairman of LITEON. "As we continue to invest in advanced technologies, this strategic investment further strengthens LITEON's position across the AI data center value chain. Through this partnership, we look forward to advancing innovation and creating new possibilities in the rapidly expanding AI market." Soong added that LITEON will continue to engage with global partners possessing deep technological expertise and strong strategic synergies, aiming to build a more resilient and comprehensive AI infrastructure ecosystem.

Maciek Szadkowski, Chief Technology Officer at DCX Liquid Cooling Systems, highlighted the strategic fit between the two firms, noting that LITEON's deep expertise in power electronics, global manufacturing scale, and long-standing hyperscaler relationships make it a highly strategic partner for DCX. "We regard this alliance as both an obligation and a commitment—to deliver the best, state-of-the-art technology for our strategic partner and for the world-class customers," he said. "This partnership will accelerate our global growth and combine the strengths of both companies to deliver broad next-generation data center infrastructure solutions."

Tomasz Buk, Chief Executive Officer at DCX Liquid Cooling Systems, echoed that sentiment, expressing pride that DCX's liquid cooling technology will help shape what LITEON brings to data centers worldwide. "Together we can offer operators a single integrated solution, ready for the next generation of AI computing platforms and beyond," he said.

Industry analysts view the transaction as part of a broader trend in which power management specialists are increasingly integrating thermal management capabilities to address the converging demands of high-density computing. As AI workloads continue to push the limits of traditional air-cooled infrastructure, integrated power-and-cooling platforms are expected to become essential for operators seeking efficiency and reliability at scale. The investment positions LITEON to expand its system-level solution capabilities across the AI data center value chain, potentially creating sustainable competitive advantages as the market for next-generation computing infrastructure grows.