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Reuters23h agoneutral

Schneider Electric to launch Southeast Asia training hub in Malaysia

French energy technology firm Schneider Electric plans to open a Southeast Asian training centre in ‌Malaysia this year, a senior executive said on Wednesday, as ‌a boom in artificial intelligence infrastructure drives up power demand in the region. Southeast Asia's data centre capacity is expected to grow threefold by 2030, according to analysts, with Malaysia emerging as a major hotspot, attracting investments from tech giants such as Microsoft, Amazon and Alphabet's Google in recent years.

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The Wall Street Journal7d agoneutral

Reuters7d agobullish

Schneider Electric tops revenue forecast as it rides AI data centre wave

Schneider Electric narrowly beat first-quarter revenue expectations on Thursday, once again boosted by the global artificial ‌intelligence data centre buildout reinforcing the French group's role as one ‌of the most sought-after suppliers. Large cloud providers, also known as hyperscalers, are expected to invest more ‌than $600 billion into data centres ⁠and other AI-related infrastructure this year alone, analysts say. Schneider makes power equipment, server racks and most importantly cooling systems ⁠that let energy-hungry data centres operate at peak performance.

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