CITIC Telecom Signs MOU With Key ASIC For Malaysia Green AI Data Centre

CITIC Telecom International Holdings (00994) said it has signed a memorandum of understanding with Malaysia-listed Key ASIC Berhad to explore potential cooperation on building and operating a green artificial intelligence data centre in Malaysia. The initial plan calls for total IT load capacity of about 300 megawatts, a power usage effectiveness ratio of no more than 1.2, and a green energy share of at least 50%, according to ETNet. The company said the MOU reflects only an initial intention to cooperate and does not create any legally binding obligations. Key ASIC's main business is one-stop application-specific integrated circuit design services, including data processing, data management and disk backup solutions.