SNS bags RM1.22b AI server supply contract, shares hit five
SNS Network Technology has secured a record-breaking RM1.22 billion contract to supply high-performance AI servers to a Singapore-based software company. The news led to a significant increase in the company's share price, reflecting investor confidence in AI infrastructure growth.
Why it matters
This deal underscores the rapidly expanding market for AI hardware and the role of regional tech firms in supporting global data center infrastructure.
BURSA SGX Home Hot Stock Make The Edge Malaysia your preferred source on Google KUALA LUMPUR (July 27): SNS Network Technology Bhd (KL: SNS ) has secured a US$298.66 million (about RM1.22 billion) contract to supply high-performance artificial intelligence (AI) servers — the largest contract in the group's history.
The contract follows a sales agreement signed on Sunday between its wholly-owned subsidiary SNS Network (M) Sdn Bhd and a Singapore-based customer for the supply, delivery and provision of high-performance AI servers for a data centre in Malaysia.
The customer is a Singapore-incorporated private company principally engaged in the publishing of game software and applications, according to the group's statement on Monday.
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