Thailand

Thailand to invest $1.99B in AI, electronics, aviation, clean energy amid supply chain updates

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.

Thailand secures $4.1B in EV supply chain investment, featuring investments from China, Korea, Japan

Thailand has secured more than $4.1 billion in investment pledges across its electric vehicle supply chain, spanning 198 projects covering battery electric vehicles, hybrid systems, battery manufacturing, critical components, and charging infrastructure.

Indonesia’s Polibeli Group plans 100MW AI computing center in Thailand

Nasdaq-listed Polibeli Group Ltd, an Indonesia-headquartered digital supply chain company, plans to establish a preliminary framework for evaluating a potential artificial intelligence (AI) computing center in Thailand.

Thailand’s Amity Robotics raises $7M to expand AI concierge robots across Asia

Thailand-based Amity Robotics, a physical AI and robotics company building AI-powered experiences for the physical world, has closed a $7 million seed round combining equity and debt financing.

Singapore’s Igloo acquires insurtech firm Eazy Digital

Igloo, Singapore-based insurtech company, has acquired Eazy Digital, a Singapore-headquartered insurtech company with operations across Thailand and Asia.

Singapore’s Singtel sells 2.8% stake in Thailand’s Gulf Development for $775M, nears $7B asset recycling target

Singapore's Singtel has sold 2.8 percent of its stake in Gulf Development, Thailand's largest energy company, for approximately S$1 billion ($775 million), generating cumulative equity gains of approximately $109 million.

Nokia to upgrade Malaysia-Cambodia-Thailand subsea cable with 30 Tbps capacity for Symphony Communication

Finland's tech giant Nokia was selected by Thailand's telecommunications giant Symphony Communication to upgrade the Malaysia-Cambodia-Thailand subsea cable system, replacing legacy equipment with Nokia's Submarine Line Terminal Equipment.

AI Game Studio Onibi raises funding from SeaX Ventures to develop open-world RPG Tomo: Endless Blue

Onibi, an independent game studio developing AI-powered open-world multiplayer RPG Tomo: Endless Blue, has closed a strategic funding round led by Thailand-based SeaX Ventures and France-based Pix Capital.

Vietnam’s tech giant FPT, Thailand’s industrial giant SCG sign AI, digitalization partnership

Vietnam's FPT Corporation and Thailand's SCG will jointly develop artificial intelligence (AI) and digital transformation initiatives across SCG's business ecosystems, covering AI-driven operations, intelligent enterprise platforms, and ERP transformation.

Melazyme raises $2M seed round from Thailand-based SeaX to scale precision fermentation platform

Melazyme, a precision fermentation startup focused on functional biomolecules, has raised $2 million in a seed funding round led by SeaX Ventures, with participation from Stellaris Venture Partners and Plug and Play Ventures.