Electronics parts distributor Serial Achieva has won a deal worth up to US$18.8 million to supply switches for networking infrastructure.
The switches, which form part of next-generation networking infrastructure, are designed to support AI-optimised infrastructure hardware.
Under this agreement with the customer, who was not named, Serial Achieva will first supply a batch of switches worth some US$4.7 million and subject to further evaluation, the customer will buy another US$14.4 million worth.
"This contract marks a significant strategic win and strongly validates our strategy to position the Group within the rapidly expanding AI and high-performance computing value chain," says CEO Victoria Goh.
"By leveraging Serial Achieva’s established distribution capabilities, strong industry partnerships and regional market reach, we are able to support customers deploying advanced infrastructure solutions across the region," she adds.
Serial Achieva shares, as at 9.31am, up 1.4% to 14 cents; Serial System, the parent company, is up 9.21% to 8.3 cents.
