Entrepreneur News Network

SLB to Acquire Kelvion, Expanding its Role Across Data Center Infrastructure

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Houston, September 1, 2026 — The next bottleneck in artificial intelligence may not be chips. It may be heat. That is the thesis behind SLB’s $4.1 billion acquisition of Kelvion, a global provider of thermal management and heat-exchange technologies. The oilfield-services giant has agreed to acquire Kelvion for approximately $3.4 billion in cash and assume … Read more

Schneider Electric and Foxconn partner for AI data centres

Schneider Electric and Foxconn partner

Global energy technology leader Schneider Electric has announced a strategic partnership with Hon Hai Technology Group (Foxconn) to develop and scale the next generation of AI data centers, addressing the rapidly growing infrastructure demands driven by artificial intelligence adoption worldwide. The collaboration brings together Foxconn’s expertise in advanced computing platforms, AI server integration, and global … Read more