On Wednesday (15 November), Thai Government spokesperson, Mr. Chai Wacharonke, said Thailand will receive THB 300 billion ($8.46 billion) worth of investment from Amazon Web Services, Google and Microsoft. The US tech companies will invest THB 100 billion each, as they seek to grow their data center and cloud services in Thailand.
A day earlier, Prime Minister of Thailand, Srettha Thavisin, met with several US business executives at San Francisco, USA. He said many big names expressed their interests to invest in Thailand, such as Walmart on Halal foods, Western Digital on hardware production which will relocate from the Philippines and the three big tech on data center and cloud services.
The PM said the three big tech companies signed the MOU to upgrade Thai industries. He said the crucial factors, like Thailand’s hospitals and schools, are the strong points that attract foreign investors.
Currently, Microsoft Corporation (NASDAQ: MSFT) has a market cap of $2,751 billion, Alphabet Inc (NASDAQ: GOOG) has a market cap of $1,695 billion, and Amazon.com Inc (NASDAQ: AMZN) has a market cap of $1,506 billion. The total market cap of these three is almost $6 trillion or over 700x the THB 300 billion amount for the Thailand investment.
