Data Center

Thailand has approved nine major investment projects worth a combined $1.99 billion across artificial intelligence (AI), advanced electronics, aviation, clean energy, and food, as global manufacturers reposition supply chains across Southeast Asia.

CCHH, a Nasdaq-listed company primarily operating Chicken Claypot and restaurant franchises, has signed a three-year, $50 million agreement to provide maintenance services for data center infrastructure projects in Malaysia.

The United States-based Wesco International has completed the acquisition of Newark Engineering Group, a Singapore-based provider of engineered cooling solutions and lifecycle services for data centers, for S$175 million ($136 million).

Vietnam's G-Group Technology Corporation will build its G-Campus Hoa Lac, a high-tech center and Tier III data center complex specializing in artificial intelligence and high-performance computing, with total investment of VND7,600 billion ($300 million).

Taiwan's Foxconn and France's Schneider Electric will co-develop integrated solutions for AI data centers, combining Foxconn's expertise in advanced compute platforms and AI rack integration with Schneider Electric's power systems, cooling, and energy management capabilities.

Singapore-based data center developer and operator DayOne Data Centers has completed the final closing of its Series C equity financing at $4.5 billion, in one of the largest fundraises by a data centre company in the region.

BDX Indonesia, under BDx Data Centers, has secured 1.2 GW of power capacity across its Indonesia portfolio through a strategic partnership with PT PLN (Persero), Indonesia’s state-owned electricity provider.

Digital Decarbonization Solutions Platform (DDSP), a developer of hyperscale digital and decarbonized energy infrastructure across Asia-Pacific, has completed a $283 million green financing for a hyperscale data center campus in Johor, Malaysia, incorporating AI-ready liquid cooling technology.

Taiwan-based TECO Electric & Machinery will acquire a majority stake in Malaysian engineering firm Dynaciate, in a deal worth MYR200 million ($50.8 million), as part of its expansion into Southeast Asia’s AI data center infrastructure market.

Singapore-based Mapletree Industrial Trust (MIT) will divest from a data center property in Philadelphia, Pennsylvania, the United States for $14.5 million.