By DayakDaily Team KUCHING, Nov 11: Malaysia’s growing appeal as a destination for high-value technology investments is reflected in a proposed US$1.85 billion investment by SoftBank Group and Grab to develop artificial intelligence (AI) infrastructure across Sarawak and Peninsular Malaysia. Deputy Minister of Tourism, Arts and Culture Chiew Choon Man lauded the proposed investment, describing it as another positive development amid a series of major foreign investment announcements involving…
Key takeaways
SoftBank Group and Grab plan a US$1.85 billion investment to build AI infrastructure in Sarawak and Peninsular Malaysia, while other foreign investors, including Google and a Chinese delegation, show interest in sectors such as semiconductors and digital economy.
- SoftBank and Grab will invest US$1.85 billion in AI compute capacity across Sarawak and Peninsular Malaysia.
- Google intends to invest US$15 billion in Malaysia over the next two years.
- Malaysia’s GDP grew 5.1 % in 2024, up from 3.5 % in 2023.
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KUCHING, Nov 11: Malaysia’s growing appeal as a destination for high-value technology investments is reflected in a proposed US$1.85 billion investment by SoftBank Group and Grab to develop artificial intelligence (AI) infrastructure across Sarawak and Peninsular Malaysia.
Deputy Minister of Tourism, Arts and Culture Chiew Choon Man lauded the proposed investment, describing it as another positive development amid a series of major foreign investment announcements involving Malaysia.
Recently, SoftBank Group and Grab signed joint development agreements with Petroleum Sarawak Berhad (PETROS). The companies have proposed an initial combined seed capital of US$1.85 billion for a multi-year plan to develop AI compute capacity across Sarawak and Peninsular Malaysia, with a long-term target of five gigawatts or more.
