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Valeo and Calyos Join Forces on Chip Cooling for Data Centers and Electric Vehicles

Valeo and Calyos have signed a memorandum of understanding to develop and industrialize passive two-phase cooling solutions for data centers and electrified mobility. This technology combines Calyos's expertise in fluid loops with Valeo's global industrial capacity.


Valeo and Calyos Join Forces on Chip Cooling for Data Centers and Electric Vehicles

A Memorandum of Understanding for Two Key Sectors

Valeo and Calyos have signed a memorandum of understanding (MoU) aimed at developing and industrializing autonomous and high-performance electronic chip cooling solutions. This collaboration addresses the increasing thermal challenges posed by automotive electrification and the expansion of data centers. The two partners are combining Calyos's expertise in two-phase fluid loop (LHP) technology with Valeo's thermal engineering and global production capacity. The developed systems will be more efficient, compact, maintenance-free, and will offer high reliability compared to traditional solutions.

Automotive Electronics and Centralized Architectures

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For the automotive sector, the Valeo-Calyos solution targets the power electronics of onboard chargers (OBC), inverters, and integrated electronic systems, offering autonomous and plug-and-play cooling. It also addresses software-defined vehicles (SDV), characterized by increased centralization of computing units and higher chip power densities. This passive cooling simplifies the overall thermal architecture by eliminating the complexity of traditional distributed liquid cooling loops, while ensuring consistent performance and simplified integration.

Data Centers and Energy Efficiency

The collaboration also targets the rapidly expanding data center market. The acceleration of artificial intelligence leads to an increase in power demand and creates an urgent need to improve thermal efficiency to reduce global energy consumption (PUE optimization). The proposed solution offers optimal energy efficiency without active elements (no fluid pump), allowing for increased power density through direct chip cooling, without restructuring the existing infrastructure. This technology complements Valeo's current portfolio, which includes aluminum heat exchangers, single-phase and two-phase cooling distribution units, and immersion cooling.



Sector Automobile et mobilité › Équipementiers automobiles


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Context

Period
  • Period: T3 2026
Key reported figures
  • Revenue: 4 881 millions d'euros
  • Quarterly revenue: 4 881 millions d'euros
  • Revenue growth: -2,3 %
Guidance from the release
  • Valeo confirme sa guidance 2026
Risks mentioned
  • Environnement de marché exigeant avec défis intensifiés
  • Marché automobile global en baisse de 1,6% en T3 2026
  • Chiffre d'affaires première monte en retrait de 3,8%
Opportunities identified
  • Reprise de croissance de BRAIN en hausse de 8,2% en 2026
  • Retour à la croissance du Groupe attendu en 2027
  • Surperformance continue de l'Amérique du Nord et l'Asie hors Chine
Outlook / guidance
  • Expected revenue: 20 500 millions d'euros
  • Management commentary: Le Groupe confirme sa guidance 2026 (rappelée dans le tableau ci-dessous) et vise pour le second semestre une marge opérationnelle en % du chiffre d'affaires et un cash flow libre équivalents à ceux du premier semestre. Chiffre d'affaires en milliards d'euros 20,9 20 - 21

The information presented in this article is provided for informational purposes only and does not constitute an investment recommendation, an incentive to buy or sell a financial asset, or investment advice. Readers are invited to conduct their own research before making any decision.

Investments in the stock market involve risks, including the risk of capital loss. Past performance of an asset or market is no guarantee of future results. Any investment decision should be made taking into account your personal financial situation, objectives and risk tolerance.

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