Flex Unveils Axiom as AI Infrastructure Spin-Off
Flex Ltd. (NASDAQ:FLEX) announced the name of its planned spin-off, Axiom Solutions International Inc., which will operate independently in cloud and power infrastructure to meet growing demand from artificial intelligence and data centers. The company filed a preliminary Form 10 registration statement with the SEC for an expected Nasdaq listing under ticker AXM by early Q1 2027. Flex also announced Amy B. Schwetz as its new CFO, effective after the separation. She brings over two decades of finance experience from roles at Flowserve Corp. and Peabody Energy Corp. The spin-off is subject to board approval, SEC effectiveness, shareholder consent, and Singapore High Court clearance. The move reflects Flex's strategy to focus on high-growth AI infrastructure while shedding non-core segments.
Tickers: $FLEX
Topics: AI infrastructure cloud computing data centers executive appointments