On July 1, Japanese electronics giant Panasonic emerged as a beneficiary of the AI boom. Driven by demand for AI infrastructure-related products, such as server electronic components, circuit board materials, and batteries, Panasonic's stock price has more than doubled this year, reaching a record market capitalization of ¥11.5 trillion (approximately $71 billion). Once a global leader in consumer electronics, Panasonic has gradually reduced its reliance on home appliance business in recent years and has become a key battery supplier for Tesla. Panasonic plans to achieve approximately ¥1.4 trillion in sales from AI infrastructure-related businesses over the next three years through collaborations with major industry players. Recently, Panasonic announced it will invest around ¥500 billion in this business over the next two fiscal years. Meanwhile, Panasonic is expanding its planned layoffs from 10,000 to 12,000 employees, with anticipated savings of ¥145 billion by fiscal 2024.