Schneider Electric seals $2.3 billion in US data centre deals to power AI boom

Schneider Electric said on Wednesday it had signed new deals worth almost $2.3 billion with ​two U.S. data centre operators, as surging adoption ‌of artificial intelligence boosts infrastructure demand. At an industry event in Las Vegas, the French industrial group ‌announced a $1.9 billion partnership with privately held tech firm Switch, covering power modules and cooling systems. The second agreement, valued at $373 million and involving uninterruptible power supplies and switchgear, was signed with Texas-based Digital Realty.