YTL Power International and Nvidia to Sign $4.3 Billion Deal for AI Infrastructure in Malaysia
In Brief
YTL announced partnership with Nvidia to develop AI infrastructure in Malaysia through a $4.3 billion investment deal.
The infrastructure conglomerate YTL Power International’s utilities unit announced a partnership with US technology company Nvidia to develop artificial intelligence (AI) infrastructure in Malaysia through a $4.3 billion investment deal.
In collaboration, the companies will work together to construct Malaysia’s fastest supercomputers, employing Nvidia AI chips. Additionally, YTL will leverage Nvidia’s AI cloud computing platform to create a substantial language model in Malay.
The initiative is poised to enhance Southeast Asia’s rapidly growing AI ecosystem and contribute to Malaysia’s aspirations as a semiconductor manufacturing powerhouse. The initial phase of collaboration is anticipated to become operational by mid-2024.
“Malaysia is an important hub for Southeast Asia computing infrastructure, which requires access to land, facilities and power, and YTL could play a great role in that,”
said Jensen Huang, Chief Executive Officer at Nvidia.
The AI infrastructure will be hosted at YTL’s data center park in Kulai, situated in the Malaysian state of Johor.
Malaysia Emerges as Growing Hub for AI Infrastructure
The steady expansion of the digital economy has spurred significant investments in digital infrastructure across Southeast Asia, with AI and cloud computing technologies playing a pivotal role in driving this trend. Malaysia, in particular, has seen rising multi-billion dollar investments from prominent global semiconductor players such as Intel and Infineon.
In a recent development, Intel unveiled plans to establish a new facility in Malaysia, to increase the capacity for its chip packaging services.
The factory in Penang marks Intel’s first overseas facility dedicated to advanced 3D chip packaging. Additionally, the company is constructing an extra chip assembly and testing factory in the country as part of a $7 billion expansion in the Southeast Asian region.
With the new $4.3 billion collaboration between YTL and Nvidia, Malaysia’s momentum in AI infrastructure gains traction, contributing to the evolution of the technology landscape in the region.
Disclaimer
In line with the Trust Project guidelines, please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.
About The Author
Alisa, a dedicated journalist at the MPost, specializes in cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.
More articles
Alisa, a dedicated journalist at the MPost, specializes in cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.
