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Nvidia and YTL Power Join Forces for $4.3B AI Project in Malaysia

Nvidia and YTL Power Join Forces for $4.3B AI Project in Malaysia

Nvidia and YTL Power Join Forces for $4.3B AI Project in Malaysia

Malaysian conglomerate YTL Power International (YTLP.KL) has announced a partnership with US tech giant Nvidia (NVDA.O) to develop artificial intelligence (AI) infrastructure in Southeast Asia, with an investment of $4.3 billion.

The first phase of the project is expected to be operational by mid-2024 and will be hosted at YTL’s data center park in Kulai, Johor.

This collaboration will see the companies:

Prime Minister Anwar Ibrahim welcomed the collaboration, stating that it represents a significant investment in Malaysia and highlights the country’s attractiveness as a destination for technology giants.

The Nvidia and YTL Power AI project is expected to have a major impact on Malaysia’s economy, creating jobs and driving innovation in the technology sector. It also sends a positive signal to other potential investors in the region.

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