AIReutersabout 3 hours ago
ABB Invests $495 Million in Asia Data Centers
2 min read
ABB reported a 40 per cent surge in quarterly orders to $12 billion, driven by AI data center demand. The company announced a $495 million investment to acquire a 51 per cent stake in a joint venture with Mitsubishi Electric, targeting the low-voltage power distribution market in Japan and the Asia-Pacific region.
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