VCI Global Acquires Cutting-Edge NVIDIA H200 AI Chips Via Supermicro to Supercharge AI Cloud Business
The Company Invests Over US$25 Million in 512 NVIDIA H200 GPUs to Drive 20% Earnings Growth
KUALA LUMPUR, Malaysia, Jan. 27, 2025 (GLOBE NEWSWIRE) -- VCI Global Limited (NASDAQ: VCIG) ('VCI Global'), through its AI subsidiary, AI Computing Center Malaysia Sdn. Bhd. ('AICC' or the 'Company') proudly announces a major AI asset acquisition through Super Micro Computer, Inc. (NASDAQ: SMCI) ('Supermicro'). This strategic investment entails the procurement of state-of-the-art 64 Supermicro servers equipped with 512 NVIDIA H200 Tensor Core Graphics Processing Units ('NVIDIA H200 GPUs'), for the launch of its AI cloud business.
AICC's investment of over US$25 million marks a significant milestone in its journey to becoming a leading AI infrastructure provider. This investment is expected to generate approximately US$6 million in annual revenue, representing a projected 20% increase in earnings by 2026. The AICC's first AI computing center, located in Cyberjaya, Malaysia, is slated to go live in Q2 2025.
The NVIDIA H200 GPUs represent a groundbreaking leap in AI technology. As the newest innovation in the NVIDIA's Hopper family, the NVIDIA H200 GPUs features exceptional performance capabilities, including advanced tensor cores and enhanced memory bandwidth, enabling it to efficiently process vast datasets and perform complex computations. Its architecture is specifically designed to accelerate large-scale AI and high-performance computing (HPC) workloads, making it an ideal choice for generative AI, natural language processing, and advanced machine learning models.
'Through this strategic investment, AICC is proud to be the first in Malaysia to provide AI cloud services powered by NVIDIA H200 GPUs. This acquisition of state-of-the-art AI assets not only unlocks a new revenue stream for AICC but also reinforces its position in advancing AI cloud services. We are confident in the growth of our AI cloud business, leveraging opportunities in the cloud computing industry while further strengthening Malaysia's AI ecosystem and contributing to its economic development,' said Dato' Victor Hoo, Group Executive Chairman and Chief Executive Officer of VCI Global.
About VCI Global Limited
VCI Global is a diversified holding company headquartered in Kuala Lumpur, Malaysia. The Company operates through five core businesses: Capital Market Consultancy, Fintech, Real Estate, AI & Robotics, and Cybersecurity. In Capital Market Consultancy, we provide IPO solutions, investor relations (IR) and public relations (PR) consultancy, and M&A consultancy. Our Fintech arm offers a proprietary financing platform. In Real Estate, we offer specialized real estate consultancy services. The AI business delivers GPU servers, GPU cloud computing services, AI and large language model (LLM) solutions, while the Robotics segment focuses on post-harvest robotics systems. Our Cybersecurity segment provides comprehensive cybersecurity consultancy services and solutions. Committed to fostering innovation and delivering exceptional value, VCI Global has established a strong presence across the Asia-Pacific region, the United States, Europe, and the Middle East, driving growth and transformation on a global scale.
For more information on the Company, please log on to https://v-capital.co/.
About Super Micro Computer, Inc.
Supermicro is a global technology leader committed to delivering first-to-market innovation for Enterprise, Cloud, AI, Metaverse, and 5G Telco/Edge IT Infrastructure. We are a Rock-Scale Total IT Solutions provider that designs and builds an environmentally friendly and energy saving portfolio of servers, storage systems, switches, software, along with global support services.
For more information, please visit http://www.supermicro.com/en/ .
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements that are subject to various risks and uncertainties. Such statements include statements regarding the Company's ability to grow its business and other statements that are not historical facts, including statements which may be accompanied by the words 'intends,' 'may,' 'will,' 'plans,' 'expects,' 'anticipates,' 'projects,' 'predicts,' 'estimates,' 'aims,' 'believes,' 'hopes,' 'potential' or similar words. These forward-looking statements are based only on our current beliefs, expectations, and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks, and changes in circumstances that are difficult to predict and many of which are outside of our control. Therefore, you should not rely on any of these forward-looking statements. Actual results could differ materially from those described in these forward-looking statements due to certain factors, including without limitation, the Company's ability to achieve profitable operations, customer acceptance of new products, the effects of the spread of coronavirus (COVID-19) and future measures taken by authorities in the countries wherein the Company has supply chain partners, the demand for the Company's products and the Company's customers' economic condition, the impact of competitive products and pricing, successfully managing and, general economic conditions and other risk factors detailed in the Company's filings with the United States Securities and Exchange Commission ('SEC'). The forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake any responsibility to update the forward-looking statements in this release, except in accordance with applicable law.
CONTACT INFORMATION:
For media queries, please contact:
VCI GLOBAL LIMITEDenquiries@v-capital.co
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Insider
37 minutes ago
- Business Insider
Trump's trade talk delegation is set to face off with China's negotiators in London. Here is what's at stake.
Three top Trump administration economic officials will face off against Chinese negotiators in a renewed effort to break the US-China trade deadlock. Secretary of the Treasury Scott Bessent, Secretary of Commerce Howard Lutnick, and Trade Representative Jamieson Greer will be meeting China's delegation in London on Monday. "The meeting should go very well," President Donald Trump wrote in a social media post announcing the talks. This coming meeting will be the first official talk between the two countries since they mutually lowered tariffs in a temporary truce on May 12, after talks in Geneva. The renewed talks follow a 90-minute phone call between Trump and China's leader Xi Jinping on Thursday, a rare direct conversation that Trump later described as "very good." According to Trump, the two leaders also agreed to visit each other in person, without providing more details in terms of a timeline. The Chinese Embassy of Washington did not respond to a request for who would be attending this negotiation from its side. The team they sent to Geneva consisted of Vice Premier He Lifeng, Vice Commerce Minister Li Chenggang, and Vice Finance Minister Liao Min. Notably, Li has a Master of Laws from the University of Hamburg in Germany and has been part of China's delegation to the World Trade Organization since 2021. International trade experts previously told Business Insider that much is at stake for both China and the US to strike a deal, or at the very least, continue the truce beyond August 12 when the 90-day tariff pause will expire. "The Trump administration made their job harder because the tariff policies they've implemented are costly to Americans and American companies, and therefore, the market doesn't like it," said Philip Luck, director of the CSIS Economics Program. "They are under a lot of pressure to do things fast." Meanwhile, a lawsuit that threatens to undo all of Trump's tariffs enacted under the IEEPA also looms over negotiations with China. Drew DeLong, lead in geopolitical dynamics practice at Kearney, a global strategy and management consulting firm, told BI that if the court strikes down tariffs before trade deals could come to pass, other routes of imposing tariffs could be more complicated and time-consuming. The White House did not provide Business Insider with any additional comment beyond Trump's Truth Social post.
Business Upturn
44 minutes ago
- Business Upturn
Draganfly Announces Additional Exercise Of Over-Allotment Option
Saskatoon, SK., June 06, 2025 (GLOBE NEWSWIRE) — Draganfly Inc. (NASDAQ: DPRO) (CSE: DPRO) (FSE: 3U8A) ('Draganfly' or the 'Company'), a drone solutions, and systems developer, today announced that further to the closing of the Company's US$3.6 million underwritten public offering on May 5, 2025 (the 'Offering'), Maxim Group LLC, as underwriter and sole book-running manager, has partially exercised their over-allotment option to purchase an additional 100,000 common shares at the price of US$2.09 per share for aggregate gross proceeds of US$209,000 prior to deducting underwriter discounts and commissions. As previously announced, Draganfly intends to use the net proceeds from the Offering for general corporate purposes, including to fund its capabilities to meet demand for its new products including growth initiatives and/or for working capital requirements including the continuing development and marketing of the Company's core products, potential acquisitions and research and development. The Offering was made pursuant to an effective shelf registration statement on Form F-10, as amended, (File No. 333-271498) previously filed with and subsequently declared effective by the U.S. Securities and Exchange Commission ('SEC') on July 5, 2023 and the Company's Canadian short form base shelf prospectus dated June 30, 2023 (the 'Base Shelf Prospectus'). Draganfly offered and sold the securities in the United States only. No securities were offered or sold to Canadian purchasers. A final prospectus supplement and accompanying Base Shelf Prospectus relating to the Offering and describing the terms thereof has been filed with the applicable securities commissions in the Canadian provinces of British Columbia, Saskatchewan and Ontario, and with the SEC in the United States and is available for free by visiting the Company's profiles on the SEDAR+ website maintained by the Canadian Securities Administrators at or the SEC's website at as applicable. Copies of the final prospectus supplements and accompanying Base Shelf Prospectus relating to the Offering may be obtained by contacting Maxim Group LLC, at 300 Park Avenue, 16th Floor, New York, NY 10022, Attention: Syndicate Department, or by telephone at (212) 895-3745 or by email at [email protected] . This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction. About Draganfly Draganfly Inc. (NASDAQ: DPRO; CSE: DPRO; FSE: 3U8A) is a pioneer in drone solutions, AI-driven software, and robotics. With over 25 years of innovation, Draganfly has been at the forefront of drone technology, providing solutions for public safety, agriculture, industrial inspections, security, mapping, and surveying. The Company is committed to delivering efficient, reliable, and industry-leading technology that helps organizations save time, money, and lives. Media Contact [email protected] Company Contact Email: [email protected] Forward Looking Statements Certain statements contained in this news release may constitute 'forward-looking statements' or 'forward-looking information' within the meaning of applicable securities laws. Such statements, based as they are on the current expectations of management, inherently involve numerous important risks, uncertainties and assumptions, known and unknown. In this news release, such forward-looking statements include, but are not limited to, statements regarding the intended use of proceeds of the Offering. Actual future events may differ from the anticipated events expressed in such forward-looking statements. Draganfly believes that expectations represented by forward-looking statements are reasonable, yet there can be no assurance that such expectations will prove to be correct. The reader should not place undue reliance, if any, on any forward-looking statements included in this news release. These forward-looking statements speak only as of the date made, and Draganfly is under no obligation and disavows any intention to update publicly or revise such statements as a result of any new information, future event, circumstances or otherwise, unless required by applicable securities laws. Investors are cautioned not to unduly rely on these forward-looking statements and are encouraged to read the Offering documents, as well as Draganfly's continuous disclosure documents, including its current annual information form, as well as its audited annual consolidated financial statements which are available on SEDAR+ at and on EDGAR at Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same.
Business Upturn
44 minutes ago
- Business Upturn
APT Miner uses clean energy cloud mining to earn Bitcoin, XRP and Dogecoin for free
Seattle, WA, June 06, 2025 (GLOBE NEWSWIRE) — The crypto industry is unpredictable. If you want to seize the next bull market opportunity, a high-quality community is essential. In this community, everyone can support each other, advance and retreat together, and maintain a keen insight into the market. However, if you fight alone and lack direction, it is undoubtedly a huge challenge to gain a foothold and persist in this industry. As one of the top five cryptocurrencies in the world by market value, Ripple (XRP) has recently become the focus of the market again. In the past 24 hours, its price has fluctuated dramatically, going against the trend of the overall cryptocurrency market, attracting widespread attention from the cryptocurrency community. In this price storm, a striking phenomenon emerged: a large number of Ripple (XRP) whales flocked to APT Miner. As one of the few trusted leading platforms in the field, APT Miner has quietly established its own brand with its unique cloud mining method. How to mine in the cloud using APT Miner: 1: Register now to get a $15 bonus (earn $0.6 by signing in daily) 2: Choose a contract: After successfully registering, the next step is to choose a mining contract that suits your goals and budget. APT Miner offers a variety of contracts to meet your different needs, whether you are a novice or an experienced miner. Take a close look at the available options and consider factors such as contract length, potential returns, and associated costs. Here are the potential earnings you can earn: 【New User Experience Contract】: Investment amount: US$100, total net profit: US$100 + US$8. 【DOGE(Gold Shell-Mini-DOGE-Pro)】: Investment amount: US$500, total net profit: US$500+US$42. 【BTC(Antminer-S19-XP)】: Investment amount: USD 2,500, total net profit: USD 2,500 + USD 437. 【BTC(Antminer-S19-XP)】: Investment amount: USD 7,500, total net profit: USD 7,500 + USD 3,375. 【BTC(AntminerT21)】: Investment amount: USD 17,000, total net profit: USD 17,000 + USD 9,520. 【BTC/BCH(ANTSPACE HK3)】：Investment amount: USD 50,000, total net profit: USD 50,000 + USD 35,600. More contract details: Visit APT Miner contract page for details: 3: Start to Profit: After selecting and activating the mining contract, you can sit back and relax while the system automatically completes your mining tasks. Working for you. APT Miner's advanced technology ensures that your mining operations run efficiently and maximizes your potential profits. As your mining activity progresses, profits will begin to accumulate in your account. You can track your mining performance through the platform dashboard and withdraw your earnings when you are ready. APT Miner platform advantages: 1: Cutting-edge equipment: Use mining equipment provided by top mining machine manufacturers such as Bitmain, Shenma Mining Machine, and Canaan Creative to ensure the stable operation and efficient production capacity of Bitcoin mining machines. 2: Legality and global users: The platform was legally established in the UK in 2018, protected and issued by the UK government, and has attracted more than 9 million real users around the world with cutting-edge technology. 3: Intuitive Interface: The platform's user-friendly interface ensures that even cryptocurrency newbies can easily get started. 4: Supports settlement of multiple popular cryptocurrencies: such as Dogecoin (DOGE), Bitcoin (BTC), Ethereum (ETH), US Dollar (USDC), US Dollar (USDT), Bitcoin Cash (BCH), Litecoin (LTC), etc. 5: Stable income: The contracts launched by the platform generate income every 24 hours, and the principal will be automatically returned after the contract expires. 6: APTMiner provides 7/24 hours customer service, supports global languages, and communication is barrier-free 7: Affiliate Program: You can refer friends and get a referral bonus of up to $50,000. For more details, please visit the official website: Official email: [email protected] Summarize: APT Miner is a company legally registered in the UK, engaged in network encryption technology services, authorized and regulated by the UK Financial Services Authority, and abides by local laws and regulations. Since its establishment in 2018, it has gained the trust of more than 9 million users. The company's mission is to make cloud mining accessible to everyone, providing the most advanced technology and large industrial data centers, which can be easily accessed from any device at any time and anywhere. Disclaimer: The information provided in this press release is not a solicitation to invest and is not intended as investment advice, financial advice, or trading advice. Cryptocurrency mining and staking involve risks. There is a possibility of loss of funds. You are strongly advised to perform due diligence before investing or trading in cryptocurrencies and securities, including consulting a professional financial advisor. Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same.
