ARB IOT Group Limited (ARBB), on Wednesday announced the signing of a supply agreement with Gajah Kapitalan Sdn Bhd (GSKB) to provide 500 units of its ARB-222 AI servers, valued around $45 million. The deal has been signed through its indirect unit, ARB IOT Group Sdn Bhd.
The agreement marks a significant milestone for ARB IOT, strengthening its presence in the growing data center sector. The ARB-222 AI servers are designed to deliver high-performance computing capabilities, catering to the increasing demand for advanced AI-driven solutions.
This deal enables ARB IOT to expand its offerings in the AI server market and provides GKSB with cutting-edge technology to enhance its technological capabilities in Malaysia. The agreement is seen as a strategic move to position ARB IOT as a key player in the rapidly evolving data center and AI solutions market.
ARBB, closed Tuesday's (Mar. 04, 2025) trading at $0.52, up 4.62%. In after hours, the stock was up by 103.89% at $ 1.06.
For comments and feedback contact: editorial@rttnews.com
Business News
April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.