AI boom drives record loans for data centres in Southeast Asia

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The story "AI boom drives record loans for data centres in Southeast Asia" was covered 1 days ago by SCMP, a news publisher based in Hong Kong.

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AI boom drives record loans for data centres in Southeast Asia - SCMP

Quick Summary:

Southeast Asia has become a data-centre hotspot as tech multinationals diversify beyond China amid geopolitical tensions.

A surge in demand of AI services and the US-China tech war are driving a data-centre boom in Southeast Asia.“The surge in demand for data-centre capacity has piqued the interest of an ever-growing diverse pool of capital investors and providers across Asia-Pacific,” said Yemi Tepe, a partner at law firm Morrison Foerster, who has worked on tech-related financial transactions.

In the span of a week, two major Asian data-centre operators secured their biggest-ever loans, partly earmarked for the expansion of their operations in Malaysia, which is becoming a hub for these facilities.