Nvidia Expands Global AI Footprint with Planned Investments in Thailand and India

Nvidia plans to make major investments in Thailand

Nvidia is set to announce new investments in Thailand this December, Thailand's Commerce Minister Pichai Naripthaphan told Bloomberg on Monday. Nvidia will join companies like Amazon, Alphabet, and Microsoft to expand into Southeast Asia, becoming a key region for AI data centers and component production as companies diversify beyond China. Nvidia's chief executive, Jensen Huang, will reveal the company's plans for the country during a December visit to Bangkok. While specifics on the scale and nature of the investment have not been disclosed, Thailand's Commerce Minister, Pichai Naripthaphan, hinted that Nvidia's involvement could spark further investments in the country, especially in sectors related to AI and components manufacturing. Southeast Asia, particularly Thailand, is gaining traction as a hub for building AI infrastructure and manufacturing components, such as motherboards. In general, high-tech companies invest in Thailand as part of their broader strategy to reduce reliance on China. In recent years, Thailand has secured multibillion-dollar investments from major players like Amazon, Google, and Microsoft to establish data centers and cloud infrastructure. For Thailand, Nvidia's investment comes at a crucial time. The country is working to catch up with regional competitors like Malaysia and Singapore. According to Bloomberg, new investments in AI and tech infrastructure are expected to help drive economic growth, which has struggled to exceed 2% over the past decade due to political instability. Foreign investment commitments have already significantly increased this year, particularly in the data center and printed circuit board production industries. According to official figures, these investment pledges rose by 42%, reaching 722.5 billion baht ($21.6 billion) in the first nine months of 2024 compared to last year. Thailand's exports have been performing well in 2024, rising 4.2% in the first eight months of the year. Beyond the tech sector, Thailand is also working to expand its trade relationships, particularly in food exports. The government negotiates free trade agreements with the European Union and the United Arab Emirates. It plans to establish deals with other Middle Eastern countries like Qatar, Kuwait, and Oman. These agreements aim to boost exports of key products like frozen chicken and rice while supporting food security for the region.

Nvidia Is Planning to Invest in Thailand, Commerce Minister Says

Nvidia Corp. is set to unveil investment plans for Thailand, joining Alphabet Inc. and Microsoft Corp., as Southeast Asia becomes a hot spot for building AI data centers and manufacturing the components that power them. The US chip designing firm will announce investments during Chief Executive Officer Jensen Huang's trip to Bangkok in December, Thailand's Commerce Minister Pichai Naripthaphan said on Monday. He declined to give details on the investment or how much the the company will bring into Thailand.

Nvidia Accelerates Global Growth, Eyes AI Chip Development in India and Expansion in Thailand - NVIDIA (NASDAQ:NVDA)

Nvidia expands its footprint in Southeast Asia, planning AI investments in Thailand, following tech giants like Google and Microsoft. Nvidia Corp NVDA stock is firing on all cylinders thanks to the artificial intelligence wave. Beth Kindig of I/O Fund projects Nvidia to reach a $10 trillion valuation by 2025. The company continues expanding its geographical footprint, the latest being India and Thailand, which wish to develop their domestic semiconductor supply chains. Also Read: GitLab Sees Surge in 'Ultimate' Adoption and Enterprise Demand, Analyst Upgrades Stock The U.S. chip designer has proposed collaborating with India to co-develop a custom AI chip, leveraging the country's strong chip design talent. The discussions began during a meeting between Nvidia chief Jensen Huang and Prime Minister Narendra Modi earlier this year. FirstPost reports that the collaboration, which is still in the early stages, seeks to design a chip tailored to specific use cases in India. Officials are assessing costs, benefits, and potential applications with sectors such as the Indian Railways' safety system, Kavach. The custom AI chip could also support Indian startups, businesses, and public sector initiatives as part of the government's AI mission. Nvidia's partnership with India could involve multiple players, with design partners like Arm Holdings plc ARM or Advanced Micro Devices, Inc AMD handling core architecture. At the same time, Indian entities such as the Centre for Development of Advanced Computing (C-DAC) would customize the final layers for local applications. Huang sees India as a crucial partner in the AI sector, emphasizing the importance of adding value to domestic resources rather than exporting raw data. Nvidia also eyes investments in Thailand taking a cue from Alphabet Inc GOOG GOOGL Google and Microsoft Corp's MSFT move as Southeast Asia becomes a hub for AI data centers and component manufacturing, Bloomberg reports. Thailand's Commerce Minister Pichai Naripthaphan confirmed the upcoming announcement during Huang's visit to Bangkok in December. Pichai expects Nvidia's involvement to attract further funding from related industries. Thailand has recently attracted multibillion-dollar investments from tech giants like Amazon.Com Inc AMZN, Google, and Microsoft for data centers and cloud infrastructure. Nvidia stock is up over 233% in the last 12 months. Investors can gain exposure to the stock through SPDR S&P 500 SPY and iShares Core S&P 500 ETF IVV. Price Action: NVDA stock is down 0.21% at $143.41 at last check Tuesday. Also Read: Disney's Leadership Shift: James Gorman Named As Chairman, CEO Search Underway Photo via Shutterstock This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors. Market News and Data brought to you by Benzinga APIs