Data centres

Singtel’s regional data centre arm Nxera opens largest facility in Tuas

Nxera’s operational and pipeline capacity is expected to more than double to over 400 megawatts in the mid-term

Representatives from FPT Corp, Viet Thai Group and G42 signed a pact to develop AI and cloud infrastructure in Vietnam with full data sovereignty.

Ho Chi Minh City unveils twin US$1 billion digital-asset, AI data-centre pacts

The authorities also pledge to provide support for large-scale data centres tied to a creativity-innovation-technology complex

The global spending spree on digital infrastructure for AI is spreading across South-east Asia, where investors see massive opportunity for growth.

Abu Dhabi’s G42 leads US$1 billion data centre project in Vietnam

The company is the primary developer of OpenAI’s Stargate infrastructure project in the UAE

Malaysia has emerged as South-east Asia’s main data centre hub, attracting companies from Oracle and Amazon.com to Alibaba Group Holding and ByteDance.

Malaysia draws first data centre protest over pollution, water

The Gelang Patah project is unusually close to a residential area

Last year, Meta spent more on capital projects than research and development – mostly engineers’ salaries – for the first time in six years.

AI race sends Big Tech’s capital spending to stratospheric high

Each tech giant has laid out a slightly different route to recouping their investments

The spending will weigh on profit, with Amazon giving a forecast for operating income in the current quarter of US$16.5 billion to US$21.5 billion.

Amazon says it will spend US$200 billion this year on AI build-out

Microsoft and Alphabet also spent more heavily than anticipated

Google’s fresh conviction about AI-fuelled revenue is backed by growth in both its consumer and enterprise businesses.

Google goes from laggard to leader as it pulls ahead of OpenAI with stellar AI growth

Alphabet’s potentially to double its capital expenditures in 2026 – to between US$175 billion and US$185 billion

CGS International raised its Singtel target price to S$5.34, while HSBC analysts lifted theirs to S$5.20.
BROKERS’ TAKE

Analysts lift target prices for Singtel after STT GDC deal – with highest upside over 10%

Maybank, DBS maintain ‘buy’ while Morningstar keeps conservative view

China is continuing to rapidly add new power capacity with huge deployments of renewable sources such as solar and wind alongside more coal, nuclear and gas facilities.

China ramps up energy boom flagged by Musk as key to AI race

Growth in generation capacity is proving slower in the US

STT GDC operates six data centre facilities in Singapore, including at one-north (pictured).
BT EXPLAINS

A S$13.8 billion data centre prize: Why KKR, Singtel and GIC want Temasek-backed STT GDC

The deal could potentially transform Singtel into a data centre powerhouse.