VCI Global Subsidiary Awarded Conditional ~$24 Million AI Contract

November 27, 2024

DENVER, Colo., Nov 27, 2024 (247marketnews.com)- VCI Global (NASDAQ: VCIG) reported that its subsidiary, V-Gallant, received a conditional Letter of Award valued at approximately US$24 million from Hexatoff Group for its proposed data center project in Enstek City, Malaysia, in which V-Gallant was selected to supply AI hardware and software solutions, including an AI computing system featuring 640 units of NVIDIA H200 Tensor Core GPUs

Hexatoff Group is registered with Malaysia’s Ministry of Finance Malaysia and holds a G7 construction license, the top grade in Malaysia.

Dato’ Victor Hoo, VCI Global’s CEO and Group Executive Chairman, commented, “With major global players like Microsoft and Google investing billions to establish cloud regions, and NVIDIA partnering with YTL Power International Berhad on a US$4.3 billion AI Cloud Data Center, Malaysia is undergoing an unprecedented transformation. Investments by companies such as Equinix and ST Telemedia further highlight the country’s attractiveness as a data center growth hub.

“Our partnership with Hexatoff Group supports Malaysia’s vision for innovation and sustainable growth, reinforcing our commitment to advancing AI and digital infrastructure in the region.”

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