(Bloomberg) -- Nvidia Corp. is set to unveil investment plans for Thailand, joining Alphabet Inc. and Microsoft Corp., as Southeast Asia becomes a hot spot...
-- Nvidia Corp. is set to unveil investment plans for Thailand , joining Alphabet Inc. and Microsoft Corp. , as Southeast Asia becomes a hot spot for building AI data centers and manufacturing the components that power them.The US chip designing firm will announce investments during Chief Executive Officer Jensen Huang’s trip to Bangkok in December, Thailand ’s Commerce Minister Pichai Naripthaphan said on Monday.
A longtime manufacturing powerhouse for automobiles and electronics, Thailand is playing catch-up with Malaysia and Singapore. It wants to bolster growth from an average of less than 2% under a decade of military-backed rule.Interest from Nvidia, other tech companies, and those in the supply chain should boost investment applications back to levels before a 2014 coup and help Thailand regain “lost opportunities” in that decade, Pichai said.
The Southeast Asian country’s negotiations with the EU restarted last year after talks were frozen in 2014 as part of the fallout from the military coup. In August, Thai parliament approved a plan to advance Bangkok’s ties with the EU. Thailand is a major producer and exporter of sugar, poultry and rice. The nation earns more than $30 billion annually from shipping out agricultural commodities and food products.
Tesla late Monday increased U.S. inventory discounts and started offering 0% financing for up to 60 months on Model Y and Model 3 vehicles without needing to purchase full self-driving as the EV giant appears to be pulling out all the stops to ramp up unit deliveries in the fourth quarter. Meanwhile, Tesla is now rolling out 0% APR for 36-60 months for Model Y purchases and 0% APR for 36-months on the Model 3 with a minimum down payment of 20%.
Thailand Pichai Naripthaphan Nvidia Data Centers Southeast Asia Microsoft Corp. Dollar Investments
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