Jabil, Adani Plan 50:50 JV to Manufacture AI Data Center Equipment in India

08:55 AM EDT, 10/13/2026 (MT Newswires) -- Jabil (JBL) and Adani Enterprises said Tuesday they have signed a non-binding memorandum of understanding to establish a 50:50 joint venture to manufacture and assemble AI and data center equipment in India. The venture would produce AI racks, servers, storage, networking equipment, power distribution units and liquid-cooling systems, the companies said. The agreement remains subject to definitive contracts and regulatory approvals, the companies said. Financial terms of the proposed venture were not disclosed. Jabil shares were 0.6% lower in premarket trading.