Serial Achieva Limited has entered into a non-binding memorandum of understanding (MOU) with UFCT Technology Co., Limited to establish a strategic partnership aimed at expanding their presence in the artificial intelligence (AI) and cloud computing sectors. Announced on 16 March 2026, the collaboration seeks to leverage UFCT’s industrial resources and expertise to support Serial Achieva’s business development.
The MOU outlines plans for joint enterprise business development, focusing on cloud service providers, data centres, and system integrators. It also includes cooperation in AI infrastructure, cloud computing, and storage solutions. Additionally, the partnership aims to optimise product and supply chain synergies and expand regionally across ASEAN and selected markets.
Sean Goh, Chairman of Serial Achieva, highlighted the complementary strengths of both companies, stating, “This collaboration brings together highly complementary strengths and marks an important step in positioning Serial Achieva within the rapidly expanding AI and cloud value chain in Asia.”
UFCT, a subsidiary of Shenzhen-listed Shannon Semiconductor Technology Co., Ltd., is a leading distributor of electronic components in the semiconductor industry. The company holds distribution rights for major microchip brands and serves prominent cloud service providers like Alibaba and Tencent.
The MOU also considers potential capital collaboration, with UFCT possibly increasing its shareholding in Serial Achieva over the next two to three years, subject to due diligence and regulatory approvals. This strategic move aligns with UFCT’s recent subscription agreement to acquire 21,004,873 new ordinary shares in Serial Achieva, reflecting its commitment to the partnership and the company’s growth trajectory.
