Amazon to Invest $8.9 bn in Singapore Cloud Infrastructure Expansion

Amazon.com has announced plans to inject S$12 billion ($8.88 billion) over the next four years in a bid to bolster its cloud computing presence in Singapore.
AWS reInvent 2023 eventAmazon Web Services (AWS) said this investment adds to the S$11.5 billion already allocated for the Asia Pacific Region until 2023, with the total planned expenditure expected to surpass S$23 billion by 2028.

The move comes amidst a flurry of activity in Southeast Asia, as regional leaders vie for a larger share of the global tech market. Notable visits include Nvidia CEO Jensen Huang’s engagements in Malaysia, Vietnam, and Singapore in December, and Apple CEO Tim Cook’s recent visits to Singapore, Vietnam, and Indonesia. Apple, for instance, disclosed intentions to inject over $250 million into its operations in Singapore, Reuters news report said.

Additionally, AWS revealed a collaborative initiative with the Singapore government, public sector entities, and businesses aimed at accelerating the adoption of artificial intelligence (AI) and generative AI technologies within Singapore.

Priscilla Chong, AWS Country Manager, emphasized the company’s commitment, stating, “AWS is doubling down on its cloud infrastructure investments in Singapore from 2024 to 2028 to support customer demand and help reinforce Singapore’s status as an attractive regional innovation launchpad.”

The announcement, made at the AWS ASEAN Summit in Singapore, represents Amazon’s latest stride in its strategy to expand AWS infrastructure across Southeast Asia. Earlier commitments include a $5 billion investment in Thailand and a $6 billion expenditure in Malaysia.

Amazon’s declaration closely follows Microsoft CEO Satya Nadella’s announcement of cloud service investments totaling $2.2 billion in Malaysia and $1.7 billion in Indonesia during his recent regional visit.

With a burgeoning population of 670 million, predominantly tech-savvy, Southeast Asia has garnered escalating attention from global technology giants. In December, Reuters reported a $4.3 billion investment deal between Malaysian conglomerate YTL’s utilities unit and Nvidia to develop AI infrastructure.

Meanwhile, Malaysia’s Trade Minister Tengku Zafrul Aziz revealed that Google is poised to unveil investment plans in the country in the near future. Indonesia, on its part, is eager to welcome Nvidia’s Huang once again, as Communications Minister Budi Arie Setiadi disclosed having extended an invitation to him last month.

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