Malaysia's YTL Power and Nvidia forge RM10 billion green AI infrastructure partnership
Minister of Investment, Trade and Industry Tengku Zafrul Abdul Aziz said the mega project includes the development of AI data centres, deployment of Nvidia's high-performance graphic processing units, and the creation of Malaysia's own sovereign large language model.
He wrote in a post on X on Jul 26: 'YTL will also be building an AI ecosystem in collaboration with its technology partners, suppliers and local contractors.'
Zafrul said that the strategic partnership shows that Prime Minister Anwar Ibrahim's international engagements can help lay the groundwork for investments that would shape Malaysia's economic and technological landscape.
The Bursa Malaysia-listed YTL Power is a subsidiary of YTL Corporation. It is a leading independent power producer in the region, with operations in Malaysia, Singapore, Indonesia, and Jordan.
Its Singaporean subsidiary, YTL PowerSeraya, is a significant power supplier in the country.
Beyond power generation, its business includes water and sewerage services, telecommunications and increasingly, in data centres and digital banking, contributing to Malaysia's digital economy and sustainable development.
YTL Power's share price on Bursa Malaysia gained as much as 3.6 per cent or 15 sen at RM4.30 on Monday. It ended the day up 0.2 per cent or 1 sen at RM4.16.
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