Samsung weighs Modine deal as cooling maker jumps 29%
Why it matters: A takeover would push Samsung deeper into AI data-center infrastructure and beyond its core memory-chip business.
Samsung Electronics is in talks to acquire Modine Manufacturing, a U.S.-listed maker of cooling systems used in data centers, according to reports citing people familiar with the matter. A deal could come together within weeks, though the discussions remain private and may still collapse. Modine, based in Racine, Wisconsin, had a market value of about $5.6 billion before its shares surged 29% in extended trading. Samsung stock also rose in Seoul. Modine recently spun off its automotive business to focus on thermal management, including fast-growing cooling systems for hyperscalers building AI-linked data centers.