Market Chatter: SoftBank Picks Malaysia for $50 Billion Tech Investment

MT Newswires Live10-26

SoftBank Group's (TYO:9984) Masayoshi Son has selected Sarawak's Kuching and Peninsular Malaysia for technology projects worth $50 billion, including AI and data centers, Bloomberg News reported on Sunday, citing Prime Minister Anwar Ibrahim.

Anwar said Son disclosed the choice during a Tuesday video call, calling it among the region's largest investments, the report said.

SoftBank Group, Grab Holdings and Petroleum Sarawak (PETROS) signed a framework agreement on Oct. 8 to explore the development of an AI and digital infrastructure platform in Sarawak.

SoftBank Group did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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