Jabil Inc. (NYSE:JBL) approved up to $1.5B in open‑market buybacks while expanding AI-driven capacity—opening a 417,000 sq ft automated Penang logistics hub with ASRS, ~160 robots, digital-twin inventory and planned rooftop solar—tying buybacks to AI and diversified growth.
Previous Week Recap
- Jabil Board approves Buyback: Jabil (JBL) board approved up to $1.5B share buyback, to be done over time via open-market purchases. Company cites AI infrastructure investments and diversified market growth trends.
- Jabil Opens Automated Hub: Jabil (JBL) opened a 417,000 sq ft automated logistics hub in Penang with AI-driven ASRS, ~160 autonomous robots, real-time inventory digital twin, climate-controlled zones and rooftop solar planned.
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