Flex plans to separate its Cloud and Power Infrastructure business into a new public company named Axiom Solutions International Inc., focusing on AI data-center infrastructure. The spin-off is targeted for the first quarter of 2027 and will trade on Nasdaq under the ticker AXM. Flex shareholders are expected to receive 88% to 94% of Axiom's shares, while Flex retains 6% to 12% for up to 24 months. The move aims to create a standalone company specializing in power and thermal management technologies for AI data centers, with Flex retaining its remaining manufacturing operations. The separation requires approvals from Flex's board, shareholders, the Singapore High Court, and regulatory filings. Flex CEO Revathi Advaithi is expected to lead Axiom as CEO. Investor projections suggest strong revenue growth and margin expansion potential for Axiom post-separation.
Flex's planned spin-off of its AI infrastructure business provides context for cryptocurrency market activity. For readers following digital assets, here is Pluang's market snapshot as of Oct 14, 2026 01:03 WIB: out of 50 major cryptocurrencies, 13 rose and 36 fell today. Notably, Polkadot (DOT) traded at Rp20.771 with a 4.31% decline, Theta Network (THETA) at Rp3.688 down 4.21%, and Neo (NEO) at Rp43.104 with a 4.13% drop and 100% buy order activity on Pluang.
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