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Amazon (NASDAQ:AMZN) intends to invest S$12B (about $8.88B) to expand its cloud computing infrastructure in Singapore over the next four years, Reuters reported.
Amazon Web Services, or AWS, said the investment adds to the S$11.5B the company has already spent in the Asia Pacific region till 2023, and brings the total planned investment to over S$23B by 2028, according to the report.
Several U.S. tech companies are now looking at Asian nations other than China as new growth markets with potential places to expand operations amid rising geopolitical tensions.
Last week, Microsoft (MSFT) Chairman and CEO Satya was on a three-country tour of Southeast Asia. The company plans to spend billions of dollars on new cloud and AI infrastructure in Indonesia, Thailand and Malaysia. Nadella’s visit to Southeast Asia came on the heels of Apple’s (AAPL) CEO Tim Cook’s visit to the region.
Malaysia, Vietnam and Singapore also hosted Nvidia’s (NVDA) CEO Jensen Huang in December 2023.
“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,” said AWS Country Manager Priscilla Chong, as per the report.
AWS noted that it will also collaborate with the Singapore government, public sector organizations and enterprises to help boost the adoption of AI and generative AI in Singapore.
AWS said in 2022 that it would invest about $5B in Thailand and in 2023 announced a $6B investment in Malaysia.
On Monday, Tengku Zafrul Aziz, Malaysia’s trade minister, said that Alphabet’s (GOOG) (GOOGL) unit Google was also planning to invest in the country and an announcement was expected “in the near future,” as per a report by the state news agency.
