Morinami Plantation hopes to enter solar and digital centers
Morinami cultivation $SIMEPLT(5285.MY)$ It was announced on Tuesday that the largest shareholder, the National Investment Agency (PNB), plans to jointly develop a 1,000-acre Jilin Integrated Green Industrial Park (KIGIP) development project. Of these, 660 acres will be used to develop solar power plants, which will be owned and operated by Senami.
The news spurred the stock price to skyrocket this morning. At one point, it rose to RM4.73, a 2-year high.
$SIMEPLT(5285.MY)$
Given the company's huge basement, Bank of Malaysia's investment bank research analysts are optimistic that it will be the potential beneficiaries of the Green Industrial Park, the 5th largest solar project (LSS5), and data center requirements.
The company had already leased the land to a third-party solar power plant. Looking back at LSS4, about 40% of the quota granted by the government for solar power plants was on the company's land. In light of this, we believe the company has the potential to further benefit from the recently announced LSS5.
According to reports, the company is also exploring opportunities to develop data centers with partners. Analysts estimate potential locations including Kulai, Johor and Kedah Kulim.
Analysts believe the company may maximize profits by selling land to the government or industrial parks or renewable energy operators. Alternatively, become a large renewable energy provider to earn stable income, or rent out land.
Furthermore, the company also confirmed that the industrial sector will be within the next 5 years...

For data center messaging: Apple develops its own AI chip
According to some sources, $Apple(AAPL.US)$Apple is currently developing its own artificial intelligence chips for data centers, but it is unclear when or whether they will launch them.
As soon as the news came out, it drove Apple's stock price higher after the market, but there was little upward momentum.
The Wall Street Journal quoted people familiar with the matter as reporting that Apple has used self-developed chips in iPhones, Macs, and other devices, and artificial intelligence chips for data centers will be carried out on this basis.
The report said that the project is codenamed ACDC within the company.
Apple's stock price rose 1.2% after trading on Monday. By the close, the stock had a cumulative decline of 5.6% this year. Apple representatives have yet to respond to requests for comment.
If Apple could push ahead with the development of its own server processors, it would be similar to what some of the biggest tech companies are doing.
$Amazon(AMZN.US)$AWS, owned by Amazon $Alphabet-A(GOOGL.US)$Google, $Microsoft(MSFT.US)$Microsoft and $Meta Platforms(META.US)$The data centers operated by Meta Platforms all use semiconductors of their own design to a certain extent, right $Intel(INTC.US)$Intel's traditional dominance in this field has had an impact.
Source: Nanyang Siang Pao
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