May 14 -Super Micro Computer (NASDAQ: SMCI) shares jumped up to 15% in pre-commerce exchanges on Wednesday after the company struck a multi-year partnership, $ 20 billion with the developer of the Saudi Center Datavolt.
As part of the agreement, super micro will be fast? Find the delivery of ultra dense GPU platforms and rack systems for Datavolt hyperscal campuses in Saudi Arabia and the United States
We are delighted to join Datavolt and expand our American manufacturing footprint, said Charles Liang, president and chief executive officer of Super Micro. Together, we will provide advanced AI and calculate infrastructure to support the kingdom’s objective to become a world technological center.
The announcement follows a declaration from the White House that Saudi Arabia has initiated $ 600 billion in aerospace, defense, energy and security projects, its largest commercial agreement with the United States to date.
As part of this broader initiative, Datavolt and several technology giants promised a combined investment of $ 80 billion. Donors include Alphabet (Nasdaq: Googl), Oracle (NYSE: Orcl), Salesforce (NYSE: CRM), Advanced Micro Devices (NASDAQ: AMD) and Uber (NYSE: Uber).
This article appeared for the first time on Gurufocus.
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