One of Southeast Asia auto manufacturer hubs, Thailand is now shifting toward drawing international investment for technology houses with its friendly incentive and cheap, but skilled workers.
Alphabet Inc. and Microsoft Corp. have recently revealed their plans to invest in Thailand, with tech giant Nvidia Corp. also announcing its expansion to Thailand for data centers, as stated by Thailand’s Commerce Minister Pichai Naripthaphan.
Thailand is poised to welcome foreign investment from Nvidia, a move that is expected to stimulate job creation and knowledge transfer. Moreover, there is a lineup of stocks that stand to gain from these investments in establishing data centers.
The establishment of data centers typically requires a significant amount of space for infrastructure, positioning WHA Corporation and Amata Corporation as key beneficiaries among industrial estate developers in Thailand.
Given the high energy consumption associated with data centers, this development presents an opportunity for leading power generators in Thailand such as Gulf Energy Development, B.Grimm Power, and Global Power Synergy to thrive.
Meanwhile, telecommunications providers in Thailand, including True Corporation and Advanced Info Service (AIS), are poised to benefit from the investment.
Additionally, tech providers like Infraset, Proen Corp, Beryl 8 Plus, and Bluebik Group are also set to capitalize on the opportunities arising from providing services for these data centers.
