32.9 C
Bangkok
Sunday, May 5, 2024

Tesla, Google, Microsoft eye US$5 billion investment in Thailand

Picture courtesy of Bangkok Post

Thailand anticipates a minimum of US$5 billion (160 billion baht) investment from tech giants Tesla, Google, and Microsoft, as shared by Prime Minister Srettha Thavisin. Tesla is considering establishing an electrical vehicle (EV) manufacturing facility, while Microsoft and Google are exploring data centres, PM Srettha today stated, without specifying whether this projected US$5 billion was an aggregate investment or an individual commitment from each corporation.

Regarding queries for comments, Tesla, Google, and Microsoft have yet to respond. PM Srettha conveyed this news to journalists in Bangkok, following his attendance at the UN General Assembly in New York where he had discussions with the executives of these companies earlier in the week.

A surge in foreign investment could enhance Thailand’s sluggish economy. The country’s economic…

Read more…

Latest Articles