Nvidia’s expansion into Southeast Asia
NVIDIA to reveal major investment in Thailand during CEO Jensen Huang’s visit in December The move puts Nvidia alongside tech giants Amazon, Alphabet and Microsoft as they expand into Southeast Asia. This is an important area for AI data centers and component manufacturing…
Impact on the Thai economy
Pichai Naripthaphan, Minister of Commerce of Thailand It said NVIDIA’s investment could spur more interest in AI and manufacturing. As Thailand strives to promote technology infrastructure The investment comes at a crucial time to help the country catch up with regional rivals such as Malaysia and Singapore.
Foreign investment has increased.
Foreign investment in Thailand tends to increase. Especially in the data center industry and printed circuit board manufacturing industry. In the first nine months of 2024, investment commitments increased 42% to 722.5 billion baht ($21.6 billion). This inflow is expected to drive economic growth. It has struggled to exceed 2% per year over the past decade.
Trade relations with Thailand
The first eight months of 2024 saw a promising 4.2% growth in Thai exports. A free trade deal with the United Arab Emirates is the main focus of the government’s efforts to advance trade relations with the EU. and future accords with nations in the Middle East including Kuwait and Qatar.
future for future
Nvidia’s upcoming announcement is part of a broader trend of Big Tech investment in Southeast Asia. This is driven by changes in global supply chains. Amid trade tensions and geopolitical uncertainties. This investment is expected to pave the way for additional offerings. That could reach $30 billion by the end of this year. As stated by the Minister of Commerce of Thailand
gathering together
With NVIDIA’s entry into Thailand, the country is poised to strengthen its position as a technology and AI infrastructure hub, increasing economic opportunities. and attract more investment.