HCLTech delivers strong Q2 led by record deal bookings of $3.3 billion

EBIT margin expands to 18.2%; annualized advanced AI revenue at $876M

NEW YORK and NOIDA, India, Oct. 12, 2026 /PRNewswire/ — HCLTech (NSE: HCLTECH) (BSE: HCLTECH), a leading global technology company, today reported financial results for the quarter ended September 30, 2026. USD revenue was at $3.7 billion, up 2.2% YoY, while revenue in constant currency (CC) grew 2.6% YoY.

“We delivered a strong quarter with new bookings of $3.3 billion, up 27% YoY, taking first half bookings to a record high. EBIT margin expanded 131 bps QoQ to 18.2%. Services grew 3% QoQ with growth across verticals and geographies, while overall revenue grew 2.3% QoQ. Advanced AI revenue grew 28.4% QoQ and 78% YoY in constant currency. Our AI propositions are resonating well with our clients, giving us confidence in our growth trajectory,” said C Vijayakumar, CEO & Managing Director, HCLTech.

Services revenue growth was led by a steady momentum in IT and Business Services, which grew at 4.4% YoY in CC, followed by Engineering and R&D Services at 2.1% YoY (CC). HCLSoftware’s annual recurring revenue stood at $1.13 billion. Revenue per employee per annum was at $65.4K, up 2.4% YoY. 

Advanced AI revenue for the quarter was at $219 million, leading to an annualized advanced AI revenue of $876 million.

Industry vertical growth was led by Retail and Consumer Packaged Goods, with 14% YoY (CC) growth, followed by Financial Services at 7.1 % YoY (CC) and Technology and Services at 5.9% YoY (CC). In terms of geographies, the U.S. grew by 3.5% YoY (CC). India grew the fastest at 21.8% YoY (CC) while the Rest of the World grew by 11.4% YoY (CC).

The company revised its FY27 revenue growth guidance to 2.5%-4% YoY in CC and Services revenue growth guidance to 3%-4% YoY in CC. EBIT margin is expected to be between 17.5% and 18.5%. HCLTech announced a dividend of ₹12 per share for the quarter.

“HCLTech delivered Q2 FY27 revenue of ₹35,620 crores, up 3% QoQ and 11.5% YoY. Our superior revenue growth with improved profitability led to our highest-ever quarterly net income of ₹5,132 crores, up 11% QoQ and 21.2% YoY,” said Shiv Walia, Chief Financial Officer, HCLTech.

The company added 6,450 people to its workforce, including 6,136 freshers, during Q2, FY27. Gender diversity reached 30% during the quarter.

HCLTech also announced a Global Premier Partnership with Anthropic to accelerate enterprise adoption of Agentic AI with a focus on safety, cybersecurity and governance. HCLTech’s services teams will build industry solutions and offerings powered by Claude, Cowork and Claude Code, while HCLSoftware, as an Anthropic ISV partner, will embed these into select enterprise products.

Key Advanced AI deal wins:

• A U.S.-based AI-native company selected HCLTech as a strategic partner for its AI Factory.
• A U.S.-based neocloud provider selected HCLTech to build and scale its AI-native architecture and infrastructure capabilities that enable hyperscalers and enterprises to unlock the full potential of AI at scale.
• A Europe-based manufacturing company selected HCLTech to transform quality assurance at scale with an AI-powered visual inspection platform, VisionX.

Other key deal wins:

• A Europe-headquartered, Fortune Global 50 firm selected HCLTech to establish an AI-driven operating model to transform and manage its Global Digital Workplace and Enterprise Networks.
• A Europe-based FMCG major selected HCLTech to transform its global IT operations through a unified, AI-led operating model spanning applications, cloud and networks, digital workplace and cybersecurity.
• A global aerospace and defense major selected HCLTech to provide full lifecycle managed services for its SAP S/4HANA landscape, including ERP application project delivery, support and maintenance.

HCLTech has been named to TIME’s World’s Best Companies list for the third consecutive year. It has also been named among Forbes’ World’s Best Employers and World’s Best Management Consulting Firms, while Newsweek recognized it among America’s Greatest Workplaces for Leadership and America’s Greatest Workplaces for Perks & Benefits.

About HCLTech

HCLTech is a global technology company, home to more than 230,000 people across 60+ countries, delivering industry-leading capabilities centered around AI, digital, engineering, cloud and software, powered by a broad portfolio of technology services and products. We work with clients across all major verticals, providing industry solutions for Financial Services, Manufacturing, Life Sciences and Healthcare, Technology and Services, Semiconductor, Telecom and Media, Retail and CPG, Mobility and Public Services. Consolidated revenues as of 12 months ending September 2026 totaled $14.8 billion. To learn how we can supercharge progress for you, visit hcltech.com.

For further details, please contact:

Meredith Bucaro, Americas

meredith-bucaro@hcltech.com

Elka Ghudial, EMEA

elka.ghudial@hcltech.com

James Galvin, APAC

james.galvin@hcltech.com

Nitin Shukla, India

nitin-shukla@hcltech.com

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3iQ Receives In-Principle Approval from Abu Dhabi’s IFC

TORONTO, Oct. 12, 2026 /PRNewswire/ — 3iQ Corp. (“3iQ”), a global pioneer in digital asset investment solutions, is pleased to announce that its United Arab Emirates (UAE) based sister company 3iQ Middle East Ltd has secured In-Principle Approval (IPA) for a Category 4 license from the Financial Services Authority (FSRA) of ADGM, the international financial centre of Abu Dhabi, the capital of UAE. It follows the announcement of their strategic partnership with Further, the UAE-based digital asset investment manager (see announcement link here), which enables institutional investors access to digital assets via 3iQ’s Managed Account Platform (QMAP) a platform that attracted $100 million sovereign-linked seed capital.

The successful granting of this IPA is part of 3iQ’s aim to be regulated and present in all the major digital asset hubs globally, so that its award-winning investment management offering is accessible to accredited investors around the world. This includes the first ever Bitcoin and Ethereum ETFs listed on a major stock exchange.

3iQ’s presence in the Middle East is led by Rachel Pether, Head of Middle East. Rachel joined 3iQ in 2023 and has become a prominent figure in the region. Prior to joining 3iQ, Rachel spent almost a decade at Abu Dhabi based sovereign investor Mubadala in their Capital Markets & Treasury team and was previously a senior Advisor for SkyBridge Capital.

Pascal St-Jean, CEO of 3iQ and Coincheck Group, said:

“3iQ has been a huge believer in the UAE as a key digital asset hub with an advanced regulatory regime that protects investors. As a first mover in the provision of innovative digital asset investment solutions, and along with our partnership with Further Asset Management, 3iQ looks forward to cementing a presence in the region, starting with the Abu Dhabi Global Market.”

Rachel Pether, Head of Middle East at 3iQ, said:

“This is an exciting development for 3iQ and has materialised following constructive collaboration with the ADGM’s proactive regulator. Ever since 2023 when we established a footprint in the UAE, 3iQ has taken steps towards becoming the leader in the region with our proven track record of attracting sovereign wealth and institutional capital to digital assets.”

Arvind Ramamurthy, Chief Market Development Officer at ADGM, said:

“We congratulate 3iQ on receiving its IPA from the FSRA, an important step in its journey to establishing a regulated presence in ADGM. This milestone reflects the increasing interest from international firms in ADGM’s dynamic digital asset ecosystem, underpinned by a progressive regulatory framework and a growing community of global and regional market participants. We look forward to supporting 3iQ as it progresses through the licensing process and seeks to contribute to Abu Dhabi’s growing digital asset ecosystem.”

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Cell Impact announces acceleration of previously communicated order from US customer

KARLSKOGA, Sweden, Oct. 12, 2026 /PRNewswire/ — In June, Cell Impact announced that the company had received a follow-up order for the production of flow plates for a leading US-based OEM in the fuel cell and electrolyser industry. At the time, deliveries were expected to take place over a two-year period starting in the third quarter of 2026.

“The customer has now informed us that they would like to increase the delivery rate for the volume already ordered. As a result, most of the order will be manufactured and delivered during the next two quarters, with an expected final delivery in April 2027,” says Daniel Vallin, CEO of Cell Impact.

Bringing the deliveries forward strengthens Cell Impact’s cash flow and has a positive effect on the company’s liquidity. The order, valued at SEK 5.3 million, will have a particularly strong cash flow impact as the material for the flow plates is already in stock.

About Cell Impact

Cell Impact AB (publ) is a global supplier of advanced flow plates to fuel cell and electrolyzer manufacturers. The company has developed and patented a unique method for high velocity forming, Cell Impact Forming™ which is significantly more scalable and cost-efficient compared to conventional forming methods. Cell Impact Forming is an environmentally friendly forming technology that consumes no water and very little electrical power. The Cell Impact share is listed on Nasdaq First North Growth Market and Mangold Fondkommission AB is the company’s Certified Advisor (CA).

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Malou Oheix from France Wins First Place in 2026 Herbie Hancock Institute International Jazz Vocals Competition at Fondation Louis Vuitton

Hosted by Jeremy Irons, honoring Arturo Sandoval with tribute to Frank Gehry introduced by Special Guest Gustavo Dudamel

PARIS, Oct. 12, 2026 /PRNewswire/ — Malou Oheix, age 27, from France won the 2026 Herbie Hancock Institute International Jazz Vocals Competition presented in partnership and with the support of Fondation Louis Vuitton. The Competition Finals concluded a landmark weekend in Paris, marking the first time in its nearly four-decade history this prestigious Competition has been held outside the United States. Oheix received the $50,000 First Place Scholarship, presented onstage by Jean-Paul Claverie, Advisor to the President and Administrator of the Fondation Louis Vuitton.

Selected on Saturday by an all-star jury comprising Dee Dee Bridgewater, Roberta Gambarini, Angélique Kidjo, Gretchen Parlato and Gregory Porter, the three finalists took the stage on Sunday evening in the Fondation Louis Vuitton Auditorium.

First-place winner Malou Oheix delivered two contrasting performances, displaying captivating vulnerability in “I’m Glad There Is You” and a bold and playful interpretation of Michael Brecker’s “Madame Toulouse.”

Second-place winner Georgia Heers delivered a flawless performance of “Moon Don’t Come Out Tonight,” followed by a beautifully narrated rendition of “Thou Swell.” While third-place winner Lucy-Anne Daniels offered a powerful Afro-Cuban interpretation of “Nature Boy” and a distinctive take on “Old Devil Moon.”

Throughout the Competition, the vocalists were accompanied by a transformative rhythm section featuring Carmen Staaf on piano, Ben Williams on bass and Kendrick Scott on drums.

Hosted by Academy Award-winning actor Jeremy Irons, the Competition Finals & Gala transformed the Frank Gehry-designed Fondation Louis Vuitton into an international celebration of jazz, bringing together generations of leading artists and celebrating the music’s deep and enduring relationship with Paris.

The evening honored 10-time GRAMMY Award winner Arturo Sandoval with the Institute’s Maria Fisher Founder’s Award, presented by Herbie Hancock in recognition of Sandoval’s extraordinary artistry and contributions to jazz and music education. An international all-star ensemble featuring musical director John Beasley, Till Brönner, Terri Lyne Carrington, Nils Landgren, John Patitucci and Walter Smith III saluted Sandoval with “Caprichosos de La Habana.” After accepting the honor, Sandoval took the stage for an intimate performance of Charlie Chaplin’s classic “Smile” with Patitucci and Carrington.

Gustavo Dudamel, special guest of the evening, led a personal tribute to the late visionary architect Frank Gehry, a longtime Board member and friend of the Herbie Hancock Institute of Jazz. The moment took on special significance at Fondation Louis Vuitton, Gehry’s architectural masterpiece in Paris, whose origins date to 2001, when Bernard Arnault met Gehry after visiting the architect’s Guggenheim Museum Bilbao. Dudamel reflected on Gehry’s life, creative spirit and far-reaching contributions to art, architecture and culture. Berta Gehry, Frank Gehry’s wife, was among the guests in attendance. The tribute culminated in the world premiere of The Ever-Changing World, a new composition by acclaimed Panamanian pianist and composer Danilo Pérez, commissioned by the Institute in Gehry’s honor. Pérez was joined by Till Brönner, Walter Smith III, Tineke Postma, Sébastien Surel, Pierre-François Dufour, John Patitucci and Terri Lyne Carrington for the work’s two movements, “Us” and “Optimistic Chaos.”

Under the musical direction of two-time GRAMMY Award-winning pianist, composer and arranger John Beasley, the Gala also traced Paris’ remarkable place in jazz history. Dee Dee Bridgewater joined by Jamaican pianist Monty Alexander for “J’ai Deux Amours” as a salute to Josephine Baker.

Herbie Hancock was joined by Ambrose Akinmusire, the 2007 Institute Trumpet Competition winner, marking the centennials of Miles Davis and John Coltrane with a stirring rendition of “So What,” honoring two jazz giants whose lives and legacies were deeply intertwined with Paris.

The celebration continued with an all-star interpretation of Bud Powell’s “Parisian Thoroughfare,” evoking the pioneering pianist’s years in the French capital, before Gregory Porter brought the evening’s musical journey to a fitting close with “April in Paris.”

The Gala also featured the Herbie Hancock Institute Ensemble, which opened the evening with a special arrangement of the jazz standard “Autumn Leaves.” These gifted young musicians from around the world receive full scholarships to attend the Herbie Hancock Institute of Jazz Performance, the Institute’s prestigious master’s degree program at The UCLA Herb Alpert School of Music in Los Angeles.

The Competition and Gala were presented by the Herbie Hancock Institute of Jazz in partnership and with the support of Fondation Louis Vuitton. The weekend’s events reached audiences around the world via livestream on FLV Play, medici.tv and in 4K on YouTube. 

Air transportation for the artists and the international roster of competitors was provided by United Airlines, the Official Airline of the Herbie Hancock Institute of Jazz.

Press selects by Steve Mundinger:

https://www.dropbox.com/scl/fo/fjkukji94i163uosze5bb/AFxPehcaQvM24W0PDJIwOT4?rlkey=29gmpghf7s0in59bsnk09g2p9&dl=0 

For more information on the Institute visit www.hancockinstitute.org. 

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Geely Auto Group Makes Its Paris Motor Show Debut with Geely Auto, Lynk & Co and Zeekr

• Geely Auto Group makes its first group-level appearance at the Paris Motor Show, highlighting the Geely Monjaro EM-i, Lynk & Co 07GT and Zeekr 9X.
• It showcases the Group’s expansion across mainstream, premium and luxury segments, from hybrid family SUV to luxury super hybrid flagship.
• Combined European sales across the three brands exceeded 10,000 units in September 2026, alongside continued expansion of local retail, service and product development operations.

PARIS, Oct. 12, 2026 /PRNewswire/ — Geely Auto Group makes its first group-level appearance at the Paris Motor Show, bringing together Geely Auto, Lynk & Co and Zeekr at Paris Expo Porte de Versailles. Led by the Geely Monjaro EM-i, Lynk & Co 07GT, and Zeekr 9X, the debut showcases the Group’s versatile, differentiated product offerings across mainstream, premium, and luxury segments.

Geely Auto launches the Geely Monjaro EM-i, its flagship D-segment hybrid SUV, in Europe. Combining strong power, spacious comfort, outstanding efficiency and advanced intelligence, the Monjaro EM-i delivers a refined hybrid driving experience for families worldwide.

Lynk & Co gives the Lynk & Co 07GT its European premiere, extending the brand’s local product lineup with its first plug-in hybrid sport touring model. It is shaped by the brand’s “The Next Day” design philosophy, blending the elegance of a shooting brake with the dynamic character of a performance-oriented fastback.

Zeekr presents the European motor show debut of the Zeekr 9X, a flagship for its expansion into Europe’s luxury SUV segment. Designed in Gothenburg, the six-seater SUV embodies the brand’s “A New Class of Luxury” vision. It is available to order, with deliveries scheduled to begin in January 2027. Also on display is the all-new Zeekr 7X. A key driver of Zeekr’s European growth, the Zeekr 7X is one of the brand’s most popular models in the region. The all-new version introduces upgrades to driver assistance, the cabin, exterior styling, range and performance, with first customer deliveries scheduled for the first quarter of 2027.

September 2026 marked the first-ever milestone when the three brands’ monthly combined sales figure crossed the 10,000-unit threshold in Europe. In addition, Geely Auto Group sold 2,235,481 units from January to September 2026 globally, achieving both year-on-year and month-on-month growth for 7 consecutive months. The cumulative sales outside Mainland China reached 797,670 units, an increase of 169% YoY.

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AION UT Cross Makes Global Debut as GAC Showcases All-Star Lineup at 2026 Paris Motor Show

PARIS, Oct. 12, 2026 /PRNewswire/ — Engineering for a better life. On October 12, the 91st Paris Motor Show opened at Paris Expo Porte de Versailles. GAC showcased six flagship models across its GAC, AION and HYPTEC lineups, covering BEV, PHEV and HEV technologies across sedans, SUVs and MPVs. The AION UT Cross, developed with a deep understanding of European mobility needs, made its global debut.

Developed by the GAC Milan Design Center, AION UT Cross is a light off-road crossover EV that combines hatchback agility, wagon-like space and SUV-level capability. Its stylish design and exclusive Cross package are tailored to European aesthetics and diverse lifestyles.

Safety is a key strength, with high-strength steel accounting for 71% of the body. The vehicle features a 2.1-meter V-shaped cavity side curtain airbag and a high-safety Magazine Battery, providing comprehensive protection for the whole family. With a segment-leading 2,750 mm wheelbase, AION UT Cross offers 440 liters of luggage space. Folding the rear seats creates a flat extended cargo area, while 24 storage compartments and a roof rack provide ample space for camping and outdoor gear. Its chassis has been specially tuned for European road conditions, with 147 mm ground clearance when fully loaded for confident urban and outdoor driving. AION UT Cross delivers up to 400 km of WLTP range, while fast charging from 30% to 80% takes just 24 minutes.

Also on display were the AION UT and AION V, both already popular in Europe. Both are made in Europe and have earned five-star Euro NCAP safety ratings, embodying GAC’s commitment to vehicles built in Europe, tested in Europe, and engineered for Europe.

Looking ahead, GAC will introduce more global strategic models, including HYPTEC HT and GAC GS7 PHEV, further expanding its European product lineup. By responding to the real needs of European users, GAC will continue to offer locally tailored new energy vehicles and more diverse mobility choices.

For further information about GAC, please visit https://www.gacgroup.com/en or follow us on social media.

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GAC Unveils New Brand, Services and Products at 2026 Paris Motor Show, Marking a New Chapter in Full-Chain Localization in Europe

PARIS, Oct. 12, 2026 /PRNewswire/ — Engineering for a better life. On October 12, the 91st Paris Motor Show opened at Paris Expo Porte de Versailles. GAC presented new energy vehicles from its three brands, with the AION UT Cross making its global debut. GAC. THE ENGINEERS, its new brand proposition for Europe, was officially launched, while GAC CARE+ made its European debut, marking a new stage of full-chain localization in Europe.

GAC is strengthening its presence in Europe through engineering excellence. In R&D and design, the GAC Milan Design Center combines forward-looking European design with global aesthetics, while the European R&D Center is scheduled to open in 2027. In manufacturing, AION V and AION UT are now made in Europe and have earned five-star Euro NCAP safety ratings. Its sales and service network now covers 30 European countries, with more than 180 outlets planned by year-end. GAC is also building a green energy ecosystem spanning charging networks, home energy systems and battery recycling.

Built on its brand spirit of “Crafted by the Driven,” GAC. THE ENGINEERS turns engineering capabilities into tangible user value. Supporting it is GAC CARE+, the global service brand guided by “Always There, Always Care,” with a focus on convenience, peace of mind, care and intelligence. Making its global debut, AION UT Cross combines hatchback versatility, generous touring space and SUV-level capability, tailored to European mobility needs.

During the afternoon of Media Day at the 2026 Paris Motor Show, GAC and Chelsea Football Club held a global partnership signing ceremony, marking GAC’s official appointment as Chelsea FC’s Official Automotive Partner and strengthening its connection with European consumers through football.

Looking ahead, GAC will remain committed to the long term, advancing products and technology with an engineer’s mindset while deepening local services and ecosystems to create low-carbon, green and intelligent mobility experiences for European users.

For further information about GAC, please visit https://www.gacgroup.com/en or follow us on social media.

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Cisco Advances Scalability and Openness at OCP 2026

Delivers the resilient, open Ethernet foundations required to connect and scale massive, distributed AI factories

News Summary

• Cisco and NVIDIA plan to develop an open industry specification for a next-generation 400G-per-lane pluggable optics design, increasing bandwidth density while preserving serviceability and customer choice.
• Cisco advances open infrastructure across silicon, systems and optics to meet the demands of AI workloads, spanning high-density scale-out and distributed scale-across networks.
• The Cisco Silicon One portfolio continues to expand to serve all AI builders, with the first G300-powered systems shipping to customers, new 1.6T G302 silicon, and P200-powered systems now deployed in production hyperscale environments.

SAN JOSE, Calif., Oct. 12, 2026 /PRNewswire/ — Today at the Open Compute Project (OCP) Global Summit 2026, Cisco (Nasdaq: CSCO) introduced new silicon, systems and optical innovations that advance open AI infrastructure from rack-scale compute to distributed AI capacity. Together, the announcements demonstrate how Cisco is engineering the network as a coherent, programmable architecture while preserving the openness and choice customers expect in the super intelligence era. The new capabilities deepen Cisco’s continued commitment to deliver an open stack from silicon to Kubernetes, required to connect the AI foundations for hyperscalers, neoclouds and enterprises. Strong market adoption validates Cisco’s leadership and underscores deep customer trust as demand for AI compute capacity rapidly accelerates.

“AI is redefining what it means to scale infrastructure. It’s no longer just about individual data centers or clusters, but how we connect compute at massive scale without compromising performance or resilience. Cisco’s strength across silicon, networking, optics,systems and security puts us in a unique position to deliver the open infrastructure customers need as AI continues to evolve,” said Kevin Wollenweber, SVP and General Manager of Data Center and Internet Infrastructure, Cisco.

“Scale-Across” Connects the World’s AI Capacity

Scale-across extends coordinated AI workloads across facilities, building on traditional data center interconnect (DCI) technologies while introducing significantly different workload requirements. When accelerators across sites participate in the same coordinated job, congestion, latency and recovery can directly affect compute utilization and job progress. Cisco draws on its silicon, routing and optical networking leadership to address those requirements as one packet-to-optical architecture.

Cisco’s scale-across architecture brings together Silicon One P200, deep-buffered systems and coherent optics to connect AI fabrics across locations to act as a unified cluster. It provides customers a single, unified compute fabric enabled by the performance, deep programmability and embedded security of the Silicon One architecture.  Cisco is the first in the industry to announce its 51.2T systems, powered by the Silicon One P200, are deployed in a production environment by leading hyperscalers. 

“Microsoft and Cisco share a longstanding partnership rooted in engineering collaboration and innovation. We are pleased to announce that today, Microsoft has moved into production on systems powered by the Cisco Silicon One P200. As our infrastructure demands grow, the P200’s robust architecture provides the speed and enhanced buffering capabilities necessary to address the increasing scale of our cloud and high-performance services. This milestone reflects the next stage in our long-term collaboration, ensuring we continue to deliver the performance and reliability required for the modern digital era,” said Anand Ramakrishna, Corporate Vice President, Engineering, Microsoft.

“Alibaba is proud to announce a major milestone for our next-generation backbone network, eCORE. We have deployed our in-house Quantum Cat router at massive scale, powered by the Cisco Silicon One P200. These routers bring 51.2 Tbps of routing capacity to our infrastructure. They feature a fully shared deep-buffer architecture, high programmability, and excellent power efficiency. This setup provides the exact performance and scale needed for today’s heavy cloud and AI workloads. We paired Cisco’s silicon with Alibaba’s custom systems and the SONiC operating system. This combination proves the true value of open networking. It delivers the flexibility and operational power required for some of the world’s most demanding networks. We look forward to deepening our work with Cisco, the Open Compute Project (OCP), and the SONiC community. Together, we will continue to advance open, high-performance networking for the AI era,” said Dennis Cai, Vice President, Head of Network Infrastructure, Alibaba Cloud Intelligence Group

Scaling AI from Rack to Fabric for the 1.6T Era

Inside the data center, AI scale is driving the same need for greater bandwidth, density and power efficiency across silicon, systems and optics. To meet the radical bandwidth requirements of the next generation of AI, Cisco’s Silicon One portfolio is delivering the next level of network performance designed for massive AI scale. As a member of OCP’s ESUN, Cisco is committed to advancing open, interoperable, high-performance AI networking at scale and collaborating actively with ESUN on the 1.0 and future specifications for scale-up workloads.

Announced earlier this year, the 102.4T Silicon One G300 is now available for customer sampling, and the first G300-powered systems are currently shipping to customers. Cisco is also expanding the Silicon One portfolio with the first 51.2T switching silicon with 200G SerDes designed for top-of-rack (ToR) deployments. The new Silicon One G302 delivers 51.2T capacity and features Cisco 1.6T optics and direct-to-chip liquid cooling integration to drive efficiency gains. The G302 is built to power ToR switch systems, which sit at the rack level and gather traffic from servers and connect it efficiently to the larger data center network. This optimizes how servers are linked and integrated, delivering unprecedented front-end scale, density, and throughput for hyperscalers. The G302 is planned to begin shipping to customers before the end of 2026.

Cisco and NVIDIA Introduce New Pluggable Optics 

Together with NVIDIA, Cisco also unveiled plans to develop the Ultra-Dense Small Form Factor Pluggable (USFP), a new high density 400Gb/s-per-lane capable optical module. Compared to other approaches to increasing the bandwidth of optical modules, USFP relies on a proven operating model to scale to 400Gb/s-per-lane. USFP is expected to deliver 4x the bandwidth density and 1.3x the power efficiency of 200Gb/s-per-lane optics, improving the efficiency and scalability of AI factories without sacrificing serviceability, deployment flexibility or the operational simplicity of today’s pluggable optics. To drive broad industry engagement and adoption, Cisco and NVIDIA plan to create an open industry specification for USFP through an upcoming community-led multi-source project.

Expanding Secure AI Networking

SONiC (Software for Open Networking in the Cloud) is the open-source operating system that forms the foundation of many hyperscaler and now neoclouds, service providers and enterprise deployments, across the AI builder ecosystem. Cisco customers can adopt Cisco-validated SONiC with Nexus One, a next generation data center architecture, embracing an open approach for multi-site to rack-scale environments. This support will be extended with Live Protect for customers starting mid-year 2027. Utilizing Cisco runtime technology, Live Protect reduces the exposure customers would typically face between a vulnerability disclosure and a patch on supported Cisco products and releases. Live Protect will give Cisco SONiC customers time to test and deploy the permanent software fix without disrupting operations.

Control and Recovery at AI Scale

Out-of-band management systems form a network operators rely on to provide remote access even when the production network is down, allowing for fixes during a blackout or cyber incident. But at AI scale, out-of-band management systems can become a patchwork of legacy systems, tools and proprietary interfaces, making thousands of GPU nodes harder to manage and fix. The Cisco 8001, a new Silicon One A100-powered management system available as 10G or 1G , solves this challenge by upgrading performance and bringing SONiC to this critical network. Operators can use familiar APIs, automation and operating practices from the fabric to the rack, without building and maintaining a separate management environment. Customers can now deploy a simpler, programmable management network that scales with AI infrastructure, and remains available when it is needed most.

Cisco Silicon One: The Industry’s Most Scalable and Programmable Unified Networking Architecture

Cisco Silicon One is the industry’s most scalable and programmable unified networking architecture, offering a complete portfolio of networking devices across AI, hyperscaler, data center, enterprise, and service provider use cases. Introduced in 2019, Cisco Silicon One is playing critical roles in major networks around the world. With today’s innovations, Silicon One proves its ability to scale  from 100G to 100T with a single, unified silicon architecture.

Supporting Resources:

• Executive Blog Post: Cisco and NVIDIA Announce USFP: Expanding the Path to AI Connectivity
• Executive Blog Post: SONiC’s Next Chapter with Cisco: Open Choice, Production Confidence

About Cisco

Cisco (NASDAQ: CSCO) is the worldwide technology leader that is revolutionizing the way organizations connect and protect in the AI era. For more than 40 years, Cisco has securely connected the world. With its industry leading AI-powered solutions and services, Cisco enables its customers, partners and communities to unlock innovation, enhance productivity and strengthen digital resilience. With purpose at its core, Cisco remains committed to creating a more connected and inclusive future for all. Discover more on The Newsroom and follow us on X at @Cisco.

Disclaimer: Some products or features described may be in various stages of development and offered on a when-and-if available basis. Cisco reserves the right to change delivery timelines and will have no liability for any delays or failures to deliver.

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Paris Motor Show 2026, GAC Launches Global Service Brand GAC CARE+ in Europe, Delivering Around-the-Clock Care

PARIS, Oct. 12, 2026 /PRNewswire/ — On October 12, the 91st Paris Motor Show opened at Paris Expo Porte de Versailles. GAC showcased new energy vehicles across its three brands, with the AION UT Cross making its global debut. GAC. THE ENGINEERS, its brand proposition for Europe, was officially launched, while its global service brand GAC CARE+ made its European debut, marking a new stage of full-chain localization in Europe.

In Europe, GAC is bringing not only high-quality products, but also consistent service standards tailored to local users. At the show, GAC officially launched GAC CARE+, guided by the service philosophy “Always There, Always Care.” Built around convenient services, trusted quality, customer care and a smart ecosystem, the service covers the entire user journey, from vehicle selection and purchase to daily use and maintenance.

As the first market to launch GAC CARE+, Europe will adopt its global service framework, evolving from basic service support to full-lifecycle value services and delivering a trusted, high-quality ownership experience.

For convenient services, GAC provides three years of free roadside assistance across Europe. Supported by its Rotterdam Parts Distribution Center, parts order fulfillment exceeds 95%, with average dispatch within 36 hours. For quality assurance, GAC offers an eight-year/160,000 km vehicle warranty and an eight-year/200,000 km battery warranty. For customer care, GAC will first launch a local-language call center in France before gradually expanding coverage across Europe. Vehicles will also receive ongoing OTA software updates. For a smart ecosystem, the official app integrates functions such as remote vehicle control and supports home charging solutions compliant with European standards, connecting home energy needs with seamless online and offline services.

Great products earn trust; great service keeps it. In Europe, GAC will combine standardized processes, localized response, thoughtful care and a smarter ecosystem to deliver more personal, efficient and high-quality service to European users.

For further information about GAC, please visit https://www.gacgroup.com/en or follow us on social media.

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MiTAC Computing Showcases Full-Stack Innovation to Scale Open AI Infrastructure at OCP Global Summit 2026

SAN JOSE, Calif., Oct. 12, 2026 /PRNewswire/ — MiTAC Computing Technology Corporation, a subsidiary of MiTAC Holdings Corporation (TWSE: 3706) and a global leader in high-performance server solutions, today unveiled its latest AI infrastructure innovations at the 2026 OCP Global Summit, Booth D22, under the theme “Scaling Open AI Infra with Full-Stack Innovation.”

Large-scale AI clusters and AI factories demand more than compute performance alone. MiTAC Computing takes a full-stack approach, transforming fragmented infrastructure into a cohesive, scalable foundation designed for deployment, management, and expansion.

From Scalable AI Factories to Modular Data Centers: Flexible Infrastructure for Every Scale

As AI workloads expand from training, inference, and RAG to Agentic AI, infrastructure needs vary by scale and deployment environment. MiTAC Computing’s AI Infrastructure Stack spans compute, storage, and liquid-cooled servers through open platform firmware, operating systems, AI software ecosystems, and AI Pod management, providing a consistent, scalable foundation for diverse workloads.

For large-scale, centralized AI environments, MiTAC Computing delivers its Scalable AI Factory, combining full-stack capabilities with rack-scale integration to support high-density computing and continued expansion. For distributed sites or rapid buildouts, MiTAC offers modular data center solutions. The TonoForge™Modular Data Center, developed with Tonomia, incorporates MiTAC G4826Z5 liquid-cooled AI servers and rack-scale integration. Its proven 12-week deployment demonstrates how the modular approach can accelerate the deployment of high-performance GPU AI clusters.

From centralized AI factories to distributed modular data centers, MiTAC gives enterprises the flexibility to build AI infrastructure around their compute requirements, site conditions, and deployment needs.

Breaking Thermal Barriers with Advanced Liquid Cooling

Higher compute density and rack-scale AI factories are making advanced cooling critical to unlocking greater compute performance. MiTAC Computing is showcasing multiple advanced liquid cooling solutions, including a PoC with ZutaCore that integrates the MiTAC G4826Z5 with ZutaCore^® HyperCool^® Waterless Two-Phase Liquid Cooling technology. Using a dielectric fluid that changes phase from liquid to vapor directly at the chip, the technology removes heat generated by CPUs and GPUs at the source.

The technology demonstrates the potential to support more than 4,000W per chip and average heat flux exceeding 250W/cm². Under defined operating conditions, an annualized model indicates a pPUE as low as 1.03, highlighting the value of two-phase cooling for increasingly power-dense AI infrastructure.

On October 14, MiTAC Computing will present an Expo Hall Session exploring the evolution of high-density AI systems toward next-generation rack-scale platforms and how advanced liquid cooling can overcome thermal constraints to unlock greater compute performance.

Extending Openness Across the AI Stack

Alongside advances in hardware performance, MiTAC Computing continues to develop its Open Source Firmware Solution. The G4826Z5 demonstrates full-stack integration from bare metal to AI applications. At the platform level, MiTAC’s internally developed MiOPF™ supports fast system initialization, while MiOBMC™ provides real-time hardware monitoring and telemetry, giving customers greater firmware control and customization flexibility while reducing dependence on a single vendor.

Across the software ecosystem, the G4826Z5 runs Canonical-certified Ubuntu 26.04 OS and integrates Kubernetes and the DDN Data Intelligence Platform. It also incorporates AMD ROCm™ open software stack to unlock the compute performance of AMD Instinct™ MI355X GPUs. MiTAC Computing is working with Rafay on GPU cluster management to support flexible GPU-as-a-Service (GPUaaS) resource pools, enabling on-demand compute allocation based on AI workload requirements while simplifying deployment and management.

In an Executive Session later today, MiTAC Computing will explore open infrastructure management through technologies such as Open Platform Firmware (OPF), OpenBMC, and Redfish. The discussion will examine how open standards and OCP community collaboration can improve infrastructure interoperability, and how MiCoreView™, MiTAC’s infrastructure management software built on open-source technologies, can further extend management capabilities from the platform level to rack and cluster scale. MiTAC will also share practical insights into deployment, telemetry, data center rack and cluster management, and system orchestration.

New Platforms Target OCP Computing and AI Inference

MiTAC Computing is making the global debut of the C2611Z6 and showcasing the latest G4520G6E3BC-N configuration, expanding its portfolio for high-density OCP computing and enterprise AI inference.

• C2611Z6: A liquid-cooled multi-node server designed for OCP ORv3 racks and powered by the latest AMD EPYC™ 9006 Series Server processors. It integrates four compute nodes in a compact 2OU form factor, with each node supporting 16 DDR5-8000 RDIMM slots and OCP 3.0 expansion for high-density, liquid-cooled infrastructure.
• G4520G6 (G4520G6E3BC-N): A 4U2S GPU server built for enterprise AI inference. Powered by Intel^® Xeon^® 6 processors, the system supports up to eight NVIDIA RTX PRO 4500 / NVIDIA 6000 Blackwell Server Edition GPUs or NVIDIA H200 GPUs. The configuration also features 12 NVMe E3.S drive bays, combining high-density GPU compute and high-speed storage in a single 4U platform for data-intensive inference workloads.

MiTAC Computing invites OCP Global Summit attendees to visit Booth D22 and experience how full-stack innovation is helping scale open AI infrastructure.

Learn more: 

• AMD Platform Brochure
• Intel Platform Brochure
• NVIDIA Platform Brochure

About MiTAC Computing Technology Corporation

MiTAC Computing Technology Corp., a subsidiary of MiTAC Holdings, delivers comprehensive, energy-efficient server solutions backed by industry expertise dating back to the 1990s. Specializing in AI, HPC, cloud, and edge computing, MiTAC Computing employs rigorous methodologies to ensure uncompromising quality—across barebones, systems, racks, and cluster levels—fully achieving performance and integration. This commitment to quality at every level sets MiTAC Computing apart in the industry.

With a worldwide presence and end-to-end capabilities—from R&D and manufacturing to global support—MiTAC Computing provides agile, customized platforms for hyperscale data centers, HPC, and AI applications, ensuring optimal performance and scalability to meet unique business needs. By leveraging the latest advancements in AI and liquid cooling, and unifying the MiTAC brand with Intel DSG and TYAN server products, MiTAC Computing stands out for its innovative, efficient, and reliable server technology as well as its hardware and software integrated solutions—empowering businesses to meet future challenges.

MiTAC Computing Technology Corporation website: https://www.mitaccomputing.com/

AMD, the AMD logo, EPYC^TM, AMD Instinct^TM, and combinations thereof are trademarks of Advanced Micro Devices, Inc.

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