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.Nscale Locks $3.5 Billion Figure Robotics Compute Deal  ·Qatar’s Meeza Lands Major Hyperscaler Deal for 8MW ·Qualcomm Strikes Amazon AI Chip Deal, Opens Door to $4 Billion Stock ·Hitachi Energy Bets $300M on China Grid Manufacturing Corvex Builds Toward 8MW Cloud Infrastructure Footprint LITEON Bets $176 Million on DCX Liquid Cooling EdgeConneX Backs Singapore’s AI-Ready Tropical Data Center Testbed
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Flex Spins Off Its AI Data Center Infrastructure Unit Into a Separate Public Company

Flex announced on May 5 that its board of directors has unanimously approved a plan to spin off its Cloud

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  • North America
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Flex announced on May 5 that its board of directors has unanimously approved a plan to spin off its Cloud and Power Infrastructure segment into a separate publicly traded company, targeting a tax-free separation that closes in the first quarter of calendar 2027. The new entity, currently referred to as SpinCo, will focus on electrical and digital infrastructure including thermal management and power systems designed for high-density AI workloads. Current Flex CEO Revathi Advaithi will lead SpinCo, while Michael Hartung, the company’s president, will become CEO of the remaining Flex manufacturing business. Flex shares surged 28.4% in premarket trading following the announcement, reflecting investor enthusiasm for a cleaner, dedicated AI infrastructure play.

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