Serial Achieva's Subsidiary Secures Contract Worth $15.6 Million; Shares Zoom 12%

MT Newswires

01-06

Serial Achieva's (SGX:XHV) 55% owned subsidiary, Achieva Tech Allianz, secured a contract worth $15.6 million for a new artificial intelligence training cluster, according to a filing with the Singapore Exchange on Friday.

The contract is for the supply of GPU HGX servers to support advanced AI model training and data processing.

Shares of the distributor of computer peripheral components surged over 12% in recent trading.

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