ByteDance plans $2.1 bln investment in Malaysia for AI, minister says
ByteDance Will Also Expand its Data Centre Facilities in Malaysia’s Johor State
“This additional investment by ByteDance will undoubtedly help Malaysia achieve its target of growing the digital economy to 22.6% of Malaysia’s gross domestic product by 2025,” Tengku Zafrul said in a post on X. The announcement follows similar large investments in Malaysia by other tech giants in recent months. Last month, Google said it was planning a $2 billion investment to develop its first data centre and Google Cloud region in Malaysia, while Microsoft said it will invest $2.2 billion to expand cloud and AI services.
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