Samsung Electronics is in talks to acquire data center cooling systems manufacturer Modine Manufacturing Co. According to Sina Finance, people familiar with the matter said a potential deal could be reached within weeks, though no final decision has been made and the talks could fall apart; they requested anonymity because the discussions are confidential. Modine has a market capitalization of about $5.6 billion, and its shares have fallen about 15% since the company released a quarterly earnings report on November 3 that disappointed investors. The sources said other potential bidders could emerge. The talks come amid rising dealmaking among companies seeking to serve the fast-growing AI market, as U.S. companies and overseas rivals increase investment and pursue data center growth opportunities. Companies involved include Samsung's Asian competitors Daikin Industries Ltd. and LG Electronics Inc., as well as U.S. company Vertiv Holdings Co. Representatives for Samsung and Modine declined to comment.