Flex plans Axiom spinoff to chase AI data center power demand in 2027

Flex wants to split itself in two, and one of the halves is the part everyone currently wants a piece of. The company plans to spin off its AI infrastructure business, called Axiom, as an independent public company in 2027. What Flex is actually doing Flex Ltd., which trades on Nasdaq under FLEX, first announced the plan in May 2026. The unit being separated is its Cloud and Power Infrastructure segment, known internally as CPI. Once independent, the business will be called Axiom Solutions International, Inc. It specializes in power and thermal management for AI data centers. The separation is targeted for completion in the first quarter of calendar 2027. It is structured as a tax-free pro rata distribution, meaning existing Flex shareholders receive Axiom stock in proportion to what they already own. Flex shareholders are set to receive approximately 88-94% of Axiom’s shares. Flex itself is expected to keep a 6-12% stake. Axiom is slated to list on Nasdaq under the ticker AXM. A preliminary Form 10, the registration document required for a spinoff, was filed on September 15, 2026. The $37.5 billion price tag The most eye-catching number arrived on October 5, 2026. Flex disclosed a...