Super Micro Computer signs $20bn deal with Saudi's DataVolt
By Benjamin Chiou
Date: Wednesday 14 May 2025
(Sharecast News) - Shares in server and storage systems group Super Micro Computer surged on Wednesday after the Wall Street firm inked a $20bn deal to supply Saudi Arabian data centre giant DataVolt with components for its AI campuses.
The companies announced that SMC would deliver "ultra-dense GPU platforms and rack systems" for DataVolt's hyperscale AI campuses in Saudi Arabia and the US.
The agreement comes amid a flurry of activity announced as president Donald Trump visits the Middle East, with $300bn in investment deals already signed with Saudi Arabia, including deals for Cisco, Nvidia and AMD.
The Department of Commerce this week announced it was scrapping the so-called 'AI Diffusion Rule', which imposed restrictions on AI chip exports to certain countries.
DataVolt chief executive Rajit Nanda, said the company's partnership with SMC guarantees a US-made supply chain for critical graphic processing unit systems, and marks a "major milestone" and commitment to AI and data centres in the country,
Meanwhile, SMC's chief executive Charles Liang said: "We are excited to partner with DataVolt and continue expanding our manufacturing efforts in the United States. By working together, we will bring cutting-edge AI and compute infrastructure, enabling the Kingdom's vision of becoming a global hub for technology and innovation."
SMC shares were trading 16% higher at $45.25 by 1104 ET.
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