VCI Global Invests $25M in AI Infrastructure, Acquiring NVIDIA H200 GPUs

VCI Global Expands AI Infrastructure With $25M Investment - VCI Global (NASDAQ:VCIG), Super Micro Computer (NASDAQ:SMCI)

AICC invests over $25 million in AI infrastructure.NVIDIA H200 GPUs to enhance AICC's AI cloud capabilities. Shares of business consultancy, VCI Global Limited VCIG are taking off in premarket on Monday. Through its subsidiary, AI Computing Center Malaysia Sdn. Bhd. (AICC), the company is securing AI infrastructure from Super Micro Computer, Inc. SMCI. This investment includes the acquisition of 64 Supermicro servers, each outfitted with NVIDIA Corp NVDA 512 NVIDIA H200 Tensor Core GPUs, designed to drive AICC's AI cloud operations. AICC's $25 million investment represents a key development for the AI subsidiary. The purchase of advanced NVIDIA H200 GPUs aligns with AICC's plan to enhance its AI infrastructure. The NVIDIA H200 GPUs, a key component of the Hopper family, are engineered to efficiently manage large AI workloads. Featuring enhanced memory bandwidth and top-tier performance, these GPUs are well-suited for tasks like complex computations, natural language processing, and machine learning. Also Read: Aurora Mobile Partners With China's DeepSeek To Boost AI Capabilities The H200 GPU builds on the success of the widely used H100 model, delivering 1.8 times more memory and 1.4 times greater bandwidth than its predecessor. This improvement accelerates data processing by allowing the GPU to store more information internally, minimizing the need for slower external storage. The company anticipates generating approximately $6 million in yearly revenue, which is expected to result in a 20% growth in earnings by 2026. AICC's inaugural AI computing center, located in Cyberjaya, Malaysia, is slated for launch in the second quarter of 2025. VCI has recently secured a $100 million investment commitment from Alumni Capital LP, to bolster its AI business and advance renewable energy projects. Of this total, $50 million is expected to be allocated to expanding AI operations to meet the increasing demand for AI-powered solutions. Price Action: VCIG shares are trading higher by 23.3% at $1.47 in premarket at the last check Monday. Read Next: Ancora Holdings Readies Proxy Fight At US Steel Amid Merger Chaos Photo: Shutterstock This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors. Market News and Data brought to you by Benzinga APIs

VCI Global Acquires Cutting-Edge NVIDIA H200 AI Chips Via Supermicro to Supercharge AI Cloud Business - VCI Global (NASDAQ:VCIG), Super Micro Computer (NASDAQ:SMCI)

KUALA LUMPUR, Malaysia, Jan. 27, 2025 (GLOBE NEWSWIRE) -- VCI Global Limited VCIG ("VCI Global"), through its AI subsidiary, AI Computing Center Malaysia Sdn. Bhd. ("AICC" or the "Company") proudly announces a major AI asset acquisition through Super Micro Computer, Inc. SMCI ("Supermicro"). This strategic investment entails the procurement of state-of-the-art 64 Supermicro servers equipped with 512 NVIDIA H200 Tensor Core Graphics Processing Units ("NVIDIA H200 GPUs"), for the launch of its AI cloud business. AICC's investment of over US$25 million marks a significant milestone in its journey to becoming a leading AI infrastructure provider. This investment is expected to generate approximately US$6 million in annual revenue, representing a projected 20% increase in earnings by 2026. The AICC's first AI computing center, located in Cyberjaya, Malaysia, is slated to go live in Q2 2025. The NVIDIA H200 GPUs represent a groundbreaking leap in AI technology. As the newest innovation in the NVIDIA's Hopper family, the NVIDIA H200 GPUs features exceptional performance capabilities, including advanced tensor cores and enhanced memory bandwidth, enabling it to efficiently process vast datasets and perform complex computations. Its architecture is specifically designed to accelerate large-scale AI and high-performance computing (HPC) workloads, making it an ideal choice for generative AI, natural language processing, and advanced machine learning models. "Through this strategic investment, AICC is proud to be the first in Malaysia to provide AI cloud services powered by NVIDIA H200 GPUs. This acquisition of state-of-the-art AI assets not only unlocks a new revenue stream for AICC but also reinforces its position in advancing AI cloud services. We are confident in the growth of our AI cloud business, leveraging opportunities in the cloud computing industry while further strengthening Malaysia's AI ecosystem and contributing to its economic development," said Dato' Victor Hoo, Group Executive Chairman and Chief Executive Officer of VCI Global. About VCI Global Limited VCI Global is a diversified holding company headquartered in Kuala Lumpur, Malaysia. The Company operates through five core businesses: Capital Market Consultancy, Fintech, Real Estate, AI & Robotics, and Cybersecurity. In Capital Market Consultancy, we provide IPO solutions, investor relations (IR) and public relations (PR) consultancy, and M&A consultancy. Our Fintech arm offers a proprietary financing platform. In Real Estate, we offer specialized real estate consultancy services. The AI business delivers GPU servers, GPU cloud computing services, AI and large language model (LLM) solutions, while the Robotics segment focuses on post-harvest robotics systems. Our Cybersecurity segment provides comprehensive cybersecurity consultancy services and solutions. Committed to fostering innovation and delivering exceptional value, VCI Global has established a strong presence across the Asia-Pacific region, the United States, Europe, and the Middle East, driving growth and transformation on a global scale. For more information on the Company, please log on to https://v-capital.co/. About Super Micro Computer, Inc. Supermicro is a global technology leader committed to delivering first-to-market innovation for Enterprise, Cloud, AI, Metaverse, and 5G Telco/Edge IT Infrastructure. We are a Rock-Scale Total IT Solutions provider that designs and builds an environmentally friendly and energy saving portfolio of servers, storage systems, switches, software, along with global support services. For more information, please visit http://www.supermicro.com/en/ . Cautionary Note Regarding Forward-Looking Statements This press release contains forward-looking statements that are subject to various risks and uncertainties. Such statements include statements regarding the Company's ability to grow its business and other statements that are not historical facts, including statements which may be accompanied by the words "intends," "may," "will," "plans," "expects," "anticipates," "projects," "predicts," "estimates," "aims," "believes," "hopes," "potential" or similar words. These forward-looking statements are based only on our current beliefs, expectations, and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks, and changes in circumstances that are difficult to predict and many of which are outside of our control. Therefore, you should not rely on any of these forward-looking statements. Actual results could differ materially from those described in these forward-looking statements due to certain factors, including without limitation, the Company's ability to achieve profitable operations, customer acceptance of new products, the effects of the spread of coronavirus (COVID-19) and future measures taken by authorities in the countries wherein the Company has supply chain partners, the demand for the Company's products and the Company's customers' economic condition, the impact of competitive products and pricing, successfully managing and, general economic conditions and other risk factors detailed in the Company's filings with the United States Securities and Exchange Commission ("SEC"). The forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake any responsibility to update the forward-looking statements in this release, except in accordance with applicable law. CONTACT INFORMATION: For media queries, please contact: VCI GLOBAL LIMITED enquiries@v-capital.co SMCISuper Micro Computer Inc$30.45-8.48%Overview Rating:Good62.5%Technicals Analysis660100Financials Analysis600100WatchlistOverviewVCIGVCI Global Ltd$1.4924.2%Market News and Data brought to you by Benzinga APIs