"The largest item in the list was a data-centre expansion by TikTok valued at ₿842bn alone, or approximately $25bn. Three of the six approved projects are data centres or data-hosting infrastructure."
"Thailand has, on Wednesday's evidence, decided that data-centre construction is the category through which it wants to compete for foreign capital."
"The new project covers server installation, data-storage expansion, and processing-capacity scaling across three Thai provinces: Bangkok, Samut Prakan, and Chachoengsao."
Thailand's Board of Investment approved six major investments totaling approximately $29bn, with a significant focus on data centres. TikTok's project, valued at $25bn, represents a substantial expansion of its existing operations in Thailand. The investment includes server installation and data-storage expansion across three provinces. The combined value of the data-centre projects is around $27bn, indicating Thailand's strategic decision to attract foreign capital through data infrastructure. This move positions Thailand as a competitive player in the regional AI infrastructure market.
Read at TNW | Tiktok
Unable to calculate read time
Collection
[
|
...
]