Flex announced the planned spin-off of its cloud and power infrastructure business into a new independent company named Axiom Solutions International, expected to begin trading on Nasdaq as "AXM" in early 2027. This move aims to enhance strategic focus and financial flexibility by separating Axiom's specialized power, thermal management, and compute infrastructure services. The spin-off requires approvals from Flex's board, shareholders, and the Singapore High Court, with further details to be shared at an Innovation Day event in November 2026. This separation positions Axiom to lead in digital and electrical infrastructure amid growing AI demands.
Flex Ltd shares are trading at USD 108.49 on Pluang, showing a slight increase of 0.16% as of Sep 15, 2026 17:21 WIB. The company holds a market cap of $40.01 billion, reflecting its significant presence in the technology sector amid its strategic restructuring plans.
