$Palantir Technologies Inc.(PLTR)$has partnered with FPT Software, a Vietnamese IT service provider, to promote Foundry in Vietnam, Malaysia, and Singapore. Just as the threat posed by Russia has led to increased spending among NATO countries, China has instilled fear in numerous countries in Southeast Asia. Therefore, I anticipate a similar reaction. Apparently, so does Palantir - they expect Asia to account for ~40% of overall sales in five years. Furthermore, the International Data Corporation's Worldwide Big Data and Analytics Spending Guide shows that spending on big data analytics in the Asia Pacific region will grow by 19% this year and is expected to grow to $53.3 billion by 2025.
Source - https://www.channelasia.tech/article/702338/palantir-picks-fpt-software-exclusive-resale-partner-asean/
Will this be another big step for palantir moving into the commercial sector and Asia. Share for thoughts and opinions in the comment below. Cheers 🍻
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