Latest news with #BeijingHaoyangCloud&DataTechnology
Yahoo
17-03-2025
- Business
- Yahoo
Thailand's $2.7B Tech Boom: Why You Need to Pay Attention Now
Thailand's Board of Investment just greenlit 90.9 billion baht (US$2.7 billion) in new investments for data centers and cloud services, a move that could reshape the country's tech landscape. Among the projects approved, Beijing Haoyang Cloud & Data Technology is set to build the largest facilitya 300-megawatt data center in Rayong worth 72.7 billion baht (US$2.16 billion). This is just one part of a bigger data center boom, with players like Empyrion Digital and GSA Data Center 02 also throwing their hats in the ring with new builds. This surge in investment signals Thailand's serious push to become a regional hub for cloud services. Warning! GuruFocus has detected 1 Warning Sign with MSFT. The cloud and data center space in Thailand is heating up, with major American tech players like Google (NASDAQ:GOOG), Amazon (NASDAQ:AMZN), and Microsoft (NASDAQ:MSFT) ramping up their presence. AWS alone is committing US$5 billion over the next 15 years to establish its footprint in the country. These investments are backed by the Thai government, which is offering tax breaks, land rights, and other incentives to lure in big players. The demand for cloud services in Southeast Asia is growing, and Thailand is positioning itself as the next big tech playerespecially as a competitor to Singapore. What's driving all this? Thailand's sweet spot location in Southeast Asia, combined with solid digital infrastructure, gives it a major edge. The country's multiple submarine cables and connectivity with emerging markets like Vietnam and Malaysia are too good to ignore. With government support and growing regional demand, Thailand is primed for growth in the tech sector. As more cloud providers flock to Thailand, the country is set to be at the heart of Southeast Asia's digital transformation. This article first appeared on GuruFocus. Sign in to access your portfolio
Yahoo
17-03-2025
- Business
- Yahoo
Thailand approves $2.7 billion of investments in data centres and cloud services
BANGKOK (Reuters) - 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 (GOOG) said it would invest $1 billion in Thailand, which followed Amazon Web Services (AMZN) 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.
Reuters
17-03-2025
- Business
- Reuters
Thailand approves $2.7 billion of investments in data centres, cloud services
BANGKOK, March 17 (Reuters) - 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.
