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Flex, Cerebras Expand Partnership to Boost US Production of Cerebras' AI Computer Systems

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Flex (FLEX) and Cerebras Systems (CBRS) said Thursday they have expanded their manufacturing partnership to boost production of Cerebras' CS-3 AI accelerator systems, at Flex plants in Milpitas, California.

The move is expected to increase CS-3 production capacity by about 7 times this year, backed by new production lines and additional floor space, the companies said.

Financial details were not provided.

Flex shares were up past 6% in Thursday trading, and Cerebras rose 4.7%.

Price: $142.50, Change: $+9.13, Percent Change: +6.84%

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