Samsung Electronics is in talks to acquire Modine Manufacturing, a US-listed maker of data centre cooling systems, Bloomberg News reported on 12 November, citing people familiar with the matter.
Reuters said it could not immediately verify the report. The discussions concern a potential acquisition of a company that makes cooling systems for data centres.
Samsung is also building capacity for AI hardware. South Korea has broken ground on the company’s 6 trillion won Onyang plant, AI Affairs reported.
The companies are discussing a deal that could come together within weeks, Bloomberg News reported.
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