Flex plans Axiom spinoff to chase AI data center power demand in 2027

The contract manufacturer is carving out its cloud and power infrastructure unit as a standalone company, and early investors have already priced it at $37.5 billion Flex wants to split itself in two, and one of the halves is the part everyone currently wants a piece of. The company plans to spin off its AI infrastructure business, called Axiom, as an independent public company in 2027. Flex Ltd., which trades on Nasdaq under FLEX, first announced the plan in May 2026. The unit being separated is its Cloud and Power Infrastructure segment, known internally as CPI.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to Crypto Briefing.