Microsoft Pledges Record $2.2B for Malaysia Tech Expansion

May 3, 2024
Microsoft Pledges Record $2.2B for Malaysia Tech Expansion
  • Microsoft CEO Satya Nadella announces a $2.2 billion investment in Malaysia, the largest in Microsoft's history there.

  • The investment is set to enhance cloud and artificial intelligence services, including new infrastructure and AI training for 200,000 Malaysians.

  • Microsoft is also expanding in the ASEAN region with a new data center in Thailand and a $1.7 billion investment in Indonesia's cloud and AI capabilities.

  • The company aims to offer AI skills training to 2.5 million individuals across the ASEAN region by 2025.

  • Financial analysts maintain a positive outlook on Microsoft's stock, with a Strong Buy consensus from 33 Buys, one Hold, and one Sell.

Summary based on 35 sources

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