Flex buys data-center power maker EPC Power for $4.4 billion

Manufacturing giant Flex is acquiring EPC Power, a developer of 800-volt power conversion architecture used in data centers, in a deal worth $4.4 billion.

Why it matters: Power delivery, not just chips, has become a bottleneck for AI data centers, and 800V architectures are seen as a way to handle the higher power density next-generation AI racks require. A deal this size signals traditional manufacturers see AI power hardware as a durable growth market, not a passing spike.