Nvidia is set to announce major investment plans in Thailand this December.
According to Thailand’s Commerce Minister, Pichai Naripthaphan, Nvidia’s CEO Jensen Huang will reveal the company’s plans during his visit to Bangkok, as reported by Bloomberg. Although exact details remain undisclosed, the investment is expected to trigger a wave of additional funding in related industries.
Nvidia’s investment aligns with the trend of global tech giants such as Google, Microsoft, and Amazon who are currently pushing for a huge AI presence in Southeast Asia.
In May, Microsoft announced that it would build an AI data center in the country as well as explore other investment paths in other Southeast Asian countries like Malaysia and Indonesia.
Historically known for its automotive and electronics manufacturing, Thailand is now pivoting towards technology to enhance economic growth, which has averaged below 2% over the past decade of military-backed governance.
Pichai noted that Nvidia‘s involvement could help restore investment applications to levels seen before the 2014 coup, allowing Thailand to reclaim “lost opportunities” from that period.
Foreign investment in Thailand has surged in 2024, with pledges up 42%, totaling 722.5 billion baht ($21.6 billion) by September. The Commerce Minister believes that this momentum will continue, with investment proposals possibly reaching 1 trillion baht ($29.8 billion) by the year’s end.
In addition to tech investments, the country is also advancing trade agreements with the European Union and the United Arab Emirates in 2025. A pact with the European Free Trade Association is expected in January, which could accelerate discussions with the EU.