Alibaba plans $7B in delivery and shopping subsidies over the next year, opens a Singapore AI hub, and is opening data centers in Malaysia and the Philippines
Tracy Qu / Wall Street Journal :
Turing, which works with engineers to contribute code to AI projects, raised a $111M Series E led by Malaysia's sovereign wealth fund at a $2.2B valuation
As AI companies race to improve the accuracy of Large Language Models and apps built on top of them, a startup that has emerged …
Arm agrees to provide chip designs and tech to Malaysia for $250M over the next ten years, as the government targets semiconductor exports of $270B by 2030
Anisah Shukry / Bloomberg :
How Malaysia's Johor went from a backwater to having one of the world's biggest AI data center construction projects, with an estimated ~$3.8B invested in 2024
Blackstone and TikTok's parent are among those investing in data centers in Malaysia's Johor, known for palm-oil plantations
Oracle plans to invest over $6.5B in Malaysia to set up a public cloud region, its first in the country and third in Southeast Asia, after two in Singapore
Danial Azhar / Reuters :
Google starts construction of a new $2B data center in Malaysia, and says its investments would create 26,500 jobs and contribute $3B+ to the economy by 2030
Rozanna Latiff / Reuters :
Malaysia's Johor state is attracting billions of dollars as tech giants take advantage of cheaper land and more abundant energy to build data centers
Companies take advantage of cheaper land and more abundant energy — In what were once wild jungle and palm oil plantations in southern Malaysia …
Malaysia plans to allocate at least ~$5.33B over the next 5-10 years under its new National Semiconductor Strategy, which aims to train 60,000 chip engineers
Norman Goh / Nikkei Asia :
A look at chip design companies like Oppstar that aim to push Malaysia, the world's sixth-largest semiconductor exporter, to the higher end of the value chain
Former Intel engineers attempt to push Penang to higher end of value chain — PENANG, Malaysia — When chip design company Oppstar listed … X: @tsubasa_nikkei , @nikkeiasia , and @imnormgoh . LinkedIn...
Analysis: in the past two years, Amazon committed to spending $148B over 15 years on data centers, including in Mississippi, Saudi Arabia, and Malaysia
Matt Day / Bloomberg :