StocksMedium•13 October 2026•
1 min read
Adani and Jabil Form Joint Venture for AI Data Center Hardware in India
Key Facts
1Adani Enterprises and Jabil signed a non-binding MoU for a 50:50 joint venture to manufacture AI and data center equipment.
Adani Enterprises and Jabil signed a non-binding MoU for a 50:50 joint venture to manufacture AI and data center equipment. Business Wire reported that the partnership aims to combine Jabil's manufacturing expertise with Adani's infrastructure to address the rising demand for AI hardware in the Indian market.
Jabil (JBL) closed at $312.01 on October 12, 2026, with the stock trading between a low of $302.1 and a high of $312.27 during that session. This strategic collaboration focuses on expanding domestic manufacturing and assembly capabilities for critical data center infrastructure.