Samsung wants to make even more money from data centers

Samsung has been earning record-breaking profits recently by selling memory chips for AI data centers. The company also acquired a European firm that offers data center cooling solutions. Now, Samsung appears to be looking to capitalize even further on the AI boom by acquiring Modine, a US-based cooling solutions firm.

A report from Bloomberg claims that Samsung is in talks to acquire Modine Manufacturing, a US-based company that specializes in data center cooling systems, among other things. The deal could be finalized in the coming weeks.

Since discussions are reportedly ongoing, there is still a chance the talks could fall apart or another potential buyer could step in. Following the news of Samsung's potential acquisition, Modine's shares jumped 29%. Prior to this surge, the company was valued at $5.6 billion.

As the demand for AI infrastructure rises rapidly, the need for supporting data center equipment, including cooling systems, is also growing. Data centers generate intense heat, making advanced thermal management critical.

Acquiring Modine would give Samsung direct access to specialized data center cooling technology, complementing its existing HVAC and memory chip businesses.