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Photo = Yonhap news |
[Alpha Biz= Kim Jisun] According to Reuters and Bloomberg on Thursday, Thailand’s Board of Investment (BOI) has approved TikTok’s $3.8 billion (approximately 5.49 trillion KRW) investment in data hosting services.
Data hosting refers to services that securely store and manage data. The BOI explained that TikTok's investment in digital infrastructure is intended to support services set to launch next year.
This investment comes at a time when uncertainty surrounding TikTok's U.S. operations has grown. The company faces potential expulsion from the U.S. after the passage of the "TikTok Ban Bill" in the U.S. Congress, which mandates that TikTok must sell its U.S. operations to an American company or face a nationwide ban.
Although U.S. President Donald Trump signed an executive order delaying the enforcement of the bill by 75 days, potential acquisition candidates such as Microsoft and Oracle have remained cautious about proceeding with negotiations.
Meanwhile, Thailand has successfully attracted data centers from global tech giants in recent years. In October 2022, Amazon Web Services (AWS), a subsidiary of Amazon, announced plans to invest $5 billion (approximately 7.22 trillion KRW) over 15 years in Thai data centers.
Google also announced last year that it would invest $1 billion (approximately 1.44 trillion KRW) in Thailand to build cloud and AI infrastructure, including a data center. Microsoft has similarly committed to building a data center in Thailand while providing AI infrastructure and AI-related education.
알파경제 Kim Jisun Reporter(stockmk2020@alphabiz.co.kr)
