On September 11, Flex Ltd rose 5.18% in regular trading, trading at $113.52/share, with turnover of $9.0368 million. The rally was driven by the company's announcement of a $4.4 billion acquisition of EPC Power, a major move to strengthen its power conversion capabilities for AI data centers and grid applications.

EPC Power has deployed over 15 gigawatts of installed capacity across 62 countries, with its U.S. manufacturing capacity expected to surpass 30 gigawatts next year. The target is projected to generate approximately $800 million in revenue this fiscal year. Upon completion, EPC Power will be integrated into Flex's Cloud and Power Infrastructure segment, which is slated for a spinoff into an independent publicly traded company in Q1 next year. Flex stated it is evaluating financial alternatives and expects to fund the deal through a combination of debt and equity.

The acquisition builds on Flex's broader AI infrastructure strategy. The company recently expanded its manufacturing partnership with Cerebras Systems to increase CS-3 AI accelerator system production capacity by approximately seven times at its Milpitas, California facility, further deepening its footprint in AI compute infrastructure.

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