Key Takeaways
- • Malaysian Prime Minister Anwar Ibrahim says SoftBank Group founder Masayoshi Son has selected regions in Malaysia for a planned $50 billion investment in technology projects, according to Bloomberg.
- • The proposed outlay covers data centers, artificial intelligence, and new technology, and Anwar said it could be among the largest investments in the region.
- • Anwar named Sarawak, Kuching, and Peninsular Malaysia as the chosen locations, based on a videoconference he held with Son the prior week.
- • SoftBank had not publicly responded to Bloomberg's request for comment outside normal business hours, so the figure and locations rest on Anwar's account.
Summary
Malaysian Prime Minister Anwar Ibrahim said SoftBank is considering a $50 billion investment in technology projects, including data centers and artificial intelligence, according to Bloomberg. Anwar said he spoke with SoftBank Group founder Masayoshi Son by videoconference the previous week, and that Son told him he had selected regions in Malaysia for the projects.
Speaking at a event in Malacca on Saturday, Anwar said Son had chosen Sarawak, Kuching, and Peninsular Malaysia for expanded investment. "He said he had chosen Sarawak – Kuching – and Peninsular Malaysia to expand investment in what would be among the largest investments in the region, worth $50 billion," Anwar said. Asked about the focus areas, he cited artificial intelligence, new technology, and data centers.
SoftBank representatives did not immediately respond to a request for comment. As a result, the investment size, scope, and site selections are currently based on the Malaysian government's account and have not been confirmed by SoftBank. No timeline or formal investment agreement was reported in the source material.
Speaking at a event in Malacca on Saturday, Anwar said Son had chosen Sarawak, Kuching, and Peninsular Malaysia for expanded investment. "He said he had chosen Sarawak – Kuching – and Peninsular Malaysia to expand investment in what would be among the largest investments in the region, worth $50 billion," Anwar said. Asked about the focus areas, he cited artificial intelligence, new technology, and data centers.
SoftBank representatives did not immediately respond to a request for comment. As a result, the investment size, scope, and site selections are currently based on the Malaysian government's account and have not been confirmed by SoftBank. No timeline or formal investment agreement was reported in the source material.
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