Thailand approves $2.7 billion of investments in data centres and cloud services

Share This Post


Thailand has approved 90.9 billion baht ($2.7 billion) worth of investments in data centres and cloud services, its investment board said on Monday, the latest additions to the country’s expanding tech sector.

The projects include data centres from China’s Beijing Haoyang Cloud&Data Technology, Singapore-based Empyrion Digital, and Thai company, GSA Data Center 02, it said.

Beijing Haoyang’s plan in Thailand includes a 300 megawatt data centre, valued at 72.7 billion baht, while the Thai firm has proposed a 13.5 billion baht investment for a 35 MW data centre.

An AI boom has led to a rush to build infrastructure in Southeast Asia, including data centres that house computer servers and equipment that companies use to process and store data. In January, Bytedance’s TikTok announced plans in Thailand, Southeast Asia’s second-biggest economy, to set up a data hosting services valued at 126.8 billion baht, according to the investment board.

Last year, Alphabet Inc’s Google said it would invest $1 billion in Thailand, which followed Amazon Web Services announcing a $5 billion investment in the country over 15 years. Microsoft has also announced it will open its first regional data centre in Thailand.



Source link

Related Posts

Snap Inc acquires social calendar app Saturn to deepen Gen Z engagement

Snap Inc has acquired Saturn, a social calendar...

Airbus says space business turnaround going well

PARIS — Airbus executives say they are making...

This Ryzen 7 mini PC with 32GB of RAM just hit its best price yet

It’s small, it’s affordable, and it can help...

OpenAI May Have Screwed Up So Badly That Its Entire Future Is Under Threat

Battle of the titans.Forgiveness or PermissionIn its quest...
- Advertisement -spot_img