Oct 13 (Reuters) – Apple supplier Jabil and India’s Adani Enterprises said on Tuesday they had signed a non-binding agreement outlining the framework for a proposed 50:50 joint venture to manufacture and assemble AI and data center equipment in India.
• The venture would manufacture AI racks, servers, storage and networking equipment for data centres, the companies said
• It would also make equipment used to power and cool AI systems, including power distribution units, liquid-cooling systems and transformers
• The proposed venture is expected to have a multi-gigawatt AI rack manufacturing capacity, the companies added
• India’s data center capacity is projected to reach between 5GW and 8GW by 2030
• The move formalizes a June announcement that Jabil and Adani would explore creating an AI and data center infrastructure manufacturing platform in India
• Jabil, which makes components for Apple, expects fiscal 2027 revenue of $44.5 billion and annual adjusted earnings per share of $17.55
(Reporting by Megavarshini G. Somasundaram in Bengaluru; Editing by Jonathan Ananda)
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