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EG Industries inks RM408mil collaboration
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KUALA LUMPUR: EG Industries Bhd says its subsidiary, Genitronic (Malaysia) Sdn Bhd, has entered into a letter of intent with a US-based firm for the manufacture and sale of high-performance open networking switches incorporating state-of-the-art Co-Packaged Optics (CPO) technology.

The collaboration, which is expected to generate about US$100mil (RM408mil) in revenue, marks the group’s expansion into high-growth data centre infrastructure and advanced artifical intelligence (AI) networking solutions.

In a statement, the group said the customer, which was not named, is a global provider of open networking solutions, specialising in high-performance Ethernet switches for hyperscale cloud and AI data centres.

Through this collaboration, EG Industries will manufacture advanced CPO-based network switches designed to deliver higher bandwidth, lower power consumption and improved efficiency for next-generation AI infrastructure.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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