Thailand approves $2.7 billion investment in data centers, cloud services

Thailand's Board of Investment said on March 17 that the country has approved $2.7 billion worth of investment in data centers and cloud services - the latest investment in the country's expanding technology sector.

The projects include data centers from China's Beijing Haoyang Data and Cloud Technology Co., Singapore-based Empyrion Digital and Thai company GSA Data Center 02, according to the announcement.

Thailand approves $2.7 billion investment in data centers, cloud services.

Beijing Haoyang's plans in Thailand include a 300-megawatt data center worth $2.16 billion, while the Thai company has proposed investing $401 million for a 35-megawatt data center.

The boom in artificial intelligence (AI) has led to a race to build infrastructure in Southeast Asia, including data centers that house servers and equipment that companies use to process and store data.

In January, Bytedance's TikTok announced plans in Thailand, Southeast Asia's second-largest economy , to set up a $3.77 billion data storage service.

Last year, Alphabet Inc's Google said it would invest $1 billion in Thailand, after Amazon Web Services announced a $5 billion investment in the country over 15 years.

Microsoft also announced it will open its first regional data center in Thailand.

Source: https://www.baogiaothong.vn/thai-lan-chap-thuan-dau-tu-27-ty-usd-vao-cac-trung-tam-du-lieu-dich-vu-dam-may-192250317142844521.htm