VCI Global Limited
KUALA LUMPUR, Malaysia, July 26, 2024 (GLOBE NEWSWIRE) — VCI Global Limited (NASDAQ: VCIG) (Frankfurt: H0T) (“VCI Global”, “VCIG” or the “Company”), an AI and technology aggregator, is pleased to announce its participation in the groundbreaking AI Computing Alliance (“AICA”), a joint initiative led by Enlight Corporation (TWSE: 2438) (“Enlight”), Super Micro Computer, Inc. (NASDAQ: SMCI) (“Supermicro”) and alliance partners including Fortinet, Inc., UNIC Technology Corp., Bingo Group Holdings Limited, J&V Energy Technology Co., Ltd., Red Building Capital, ZoobeTek, iSpan International Inc. and Bulky Animation Studio. The Alliance will jointly establish an AI Computing Center (AICC) to advance the AI ecosystem.
Taiwan will establish its first AICC, or high-performance computing facility, which will be led by Enlight in partnership with Supermicro, Chief Telecom Inc., VMFive, Infinitix Inc., and Inventec Besta Co., Ltd. The AICC will be equipped with NVIDIA H200 Tensor Core GPUs, which provide 1.43x performance speed compared to NVIDIA H100 Tensor Core GPUs. With 256 NVIDIA H200 Tensor Core GPUs generating a total of 93 petaflops of AI computing power, the AICC is estimated to rank 15th in the world in AI computing power, making it one of the fastest AI data centers in Asia. The AICC will provide the best services by providing GPU as a Service (GPUaaS) to various organizations such as governments, financial institutions, and enterprises. Taiwan AICC is expected to be operational by the end of 2024.
VCI Global will serve as a strategic partner in the AICA initiative, with plans to establish Malaysia’s first AICC by Q2 2025. Mimicking Taiwan’s AICC model, the Malaysian AICC will act as a central hub to advance AI research, development and application, drive industry growth and increase Malaysia’s presence in the global AI landscape.
After establishing AICCs in Taiwan and Malaysia, AICA plans to expand AICCs around the world, including Singapore, Hong Kong, Japan and Indonesia. The expansion is aimed at meeting the high demand for computing power predicted by the increasing use of large language models (LLMs) and AI applications. According to MarketsandMarkets research, the global LLM market is expected to grow rapidly, growing at a compound annual growth rate (CAGR) of over 30%, from approximately US$7 billion in 2024 to over US$35 billion in 2030. The initiative is part of a broader strategy to establish AI computing centers around the world to meet the growing need for computing power. VCI Global’s involvement supports AICA’s mission to become a leading platform for AI computing, driving technological innovation and facilitating widespread adoption of AI technologies around the world.
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“We are very pleased to have VCIG join the alliance to serve our interests in Southeast Asia. We believe that VCIG’s participation will further accelerate the success of the alliance. We look forward to opening our next AICC in Malaysia in the near future,” said AICA Taiwan CEO Mr Sam Ding.
Dato’ Victor Hoo, Group Chairman and Chief Executive Officer of VCI Global, said: “We are excited to join this exciting alliance that will advance the AI ecosystem and contribute to the region.”
About VCI Global Limited
VCI Global is a diversified holding company. Through its subsidiaries, it is focused on consulting, fintech, AI, robotics and cybersecurity. Based in Kuala Lumpur, Malaysia, its primary business is focused in Asia with a significant presence across Asia Pacific, the US, Europe and the Middle East. VCIG primarily provides capital markets, real estate, AI and technology consulting services. In its technology business, it operates a proprietary fundraising platform serving businesses and individuals, and a secure messaging platform serving governments and organizations. It also invests, incubates, accelerates and commercializes AI and robotics businesses and technologies.
For more information about the company, please visit https://v-capital.co/.
About Enlight Corporation
Enlight is committed to serving customers by focusing on improving product design requirements, processes and quality. In May 2019, Enlight launched a brand offering home appliances in Taiwan both online and offline. The company has also expanded into the beauty and skincare market, selling the Swiss salon skincare brand “BelleWave” and its own brand “Jubilux”.
For more information, please visit: https://www.enlightcorp.com.tw/
About Super Micro Computer, Inc.
Supermicro is a global technology leader focused on delivering first-to-market innovations for Enterprise, Cloud, AI, Metaverse and 5G Carrier/Edge IT infrastructure. We are a rack-scale total IT solutions provider that designs and builds a portfolio of green and energy-efficient servers, storage systems, switches and software, as well as providing global support services.
For more information, visit https://www.supermicro.com/en/.
Caution Regarding Forward-Looking Statements
This press release contains forward-looking statements that involve various risks and uncertainties. These statements include statements regarding our ability to expand our business and other statements that are not historical facts (including statements containing words such as “intends,” “may,” “will,” “plans,” “expects,” “anticipates,” “projects,” “estimates,” “seeks,” “believes,” “hopes,” “potential” and similar words). Actual results may differ materially from those described in these forward-looking statements due to certain factors, including our ability to operate our business profitably, customer acceptance of new products, the impact of the spread of the coronavirus (COVID-19), future actions taken by authorities in countries in which we have supply chain partners, demand for our products and the economic condition of our customers, the impact of competitive products and pricing, management success, general economic conditions, and other risk factors detailed in our filings with the U.S. 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 we assume no responsibility to update any forward-looking statements in this press release, except in accordance with applicable law.
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