plans to spend US$9 billion to develop its cloud computing infrastructure in Singapore, the newest world technology firm to spice up funding in Southeast Asia.
The outlay, to be completed over the subsequent 4 years, doubles the funding of subsidiary Amazon Web Services (AWS) in Singapore and helps it meet rising buyer demand for cloud companies and speed up the adoption of artificial intelligence (AI), the corporate stated on Tuesday.

AWS, which sells software program and information storage for lease from large server farms, has been increasing its footprint exterior the United States in recent times, with a lot of that funding concentrating on Asian markets.

The skyline of Singapore’s central enterprise district on February 14, 2024. Photo: Bloomberg
Including the Singapore funding, AWS has this 12 months introduced plans to spend about US$35 billion exterior the US, together with in Japan, Saudi Arabia and Mexico. The firm can also be establishing clusters of information centres in Malaysia and Thailand.

Amazon final month stated AWS was on monitor to herald greater than US$100 billion in gross sales over the course of a 12 months for the primary time. Amazon executives stated AWS is benefiting from company know-how modernisation tasks in addition to demand for AI companies.

The announcement got here as a part of an AWS Asean Summit in Singapore, the place AI took centre stage with a sequence of initiatives from the US firm. The metropolis state was the primary information centre area that AWS established in Asia.

“This investment will create a ripple effect across Singapore by increasing economic growth and cloud adoption,” stated AWS nation supervisor Priscilla Chong.’s deliberate US$9 billion outlay in Singapore will double the funding of subsidiary Amazon Web Services within the metropolis state. Illustration: Reuters
Amazon estimates that its deliberate funding will assist a median of 12,300 full-time equal jobs in native Singapore companies every year. The firm will even conduct workshops for greater than 100 companies in two years, partnering with the Singapore authorities to assist small companies leverage generative AI.
Singapore has grown right into a hub for US companies in Asia, akin to Meta Platforms and Google dad or mum Alphabet, and is seen as a gateway to the broader Southeast Asia area, which is anticipated to develop at a fast clip.

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