Latest news with #CharoenPokphandGroup
Korea Herald
23-05-2025
- Business
- Korea Herald
"CP Group," through "True IDC," Launches Thailand's First AI Hyperscale Data Center, Elevating Digital Infrastructure into the Giga Data Center Era and Advancing Thailand as the Digital Hub of ASEAN
BANGKOK, May 23, 2025 /PRNewswire/ -- True Internet Data Center (True IDC), a leading data center and cloud service provider under Charoen Pokphand Group (CP), officially launched Thailand's first AI Hyperscale Data Center, reinforcing its commitment to advancing the nation's digital infrastructure to support the new economy and positioning Thailand as the digital hub of ASEAN. Mr. Suphachai Chearavanont, Chief Executive Officer of Charoen Pokphand Group, stated that the launch of this AI Hyperscale Data Center marks a significant milestone in Thailand's entry into the Giga Data Center era. Digital infrastructure not only supports technological advancement, but also serves as a key mechanism for driving the country's new economy—benefiting both businesses and citizens. It enhances Thailand's global competitiveness and readiness for the AI-driven future at both national and regional levels. Moreover, this data center investment fosters knowledge transfer for the Thai people. " To enable everyone—individuals, companies, and industries—to access AI and cloud technology, a fundamental requirement is a robust data center. This development brings immense benefits to Thailand and its industries, and contributes to the broader region by establishing Thailand as a regional hub while fostering domestic digital research and development." stated by Mr. Suphachai. Mr. Narit Therdsteerasukdi, Secretary General of the Board of Investment (BOI), added"I would like to extend my congratulations to True IDC on the launch of its new data center. This is a historic moment for a Thai company to develop hyperscale digital infrastructure. This data center will play a crucial role in elevating Thailand into a digital economic hub of the region, supported by a strong digital ecosystem and enhanced attractiveness for investment in digital and technology-driven industries." Mr. Thanasorn Jaidee, President of True IDC, shared, "This new AI Hyperscale Data Center sets a new benchmark for Thailand's data center industry in terms of technology, engineering, and sustainability. It is designed to handle hyperscale workloads and clients with architecture tailored for the digital era—especially industries powered by data, cloud, and AI. This foundation enhances Thailand's capability to independently and securely develop advanced technologies." This AI Hyperscale Data Center is purpose-built for AI processing and large-scale workloads, equipped with over 20 megawatts of power capacity to support high-performance and stable computing, including Graphic Processing Unit (GPU) workloads. The facility features a high-efficiency smart fan wall unit cooling system and is designed to support liquid cooling technology. It also includes high redundancy backup systems to ensure uninterrupted computing operations and continuous business services. The center is optimized for energy efficiency with Thailand's best-in-class Power Usage Effectiveness (PUE) and houses a Data Center Innovation Lab for testing and developing new solutions across various industries. This AI Hyperscale Data Center also plays a critical role in supporting the digital transformation of industries, especially Thailand's New S-Curve industries, such as electric vehicles (EV), digital health and medical services, smart agriculture, fintech and digital finance, digital content, and the creative economy. All of these sectors rely heavily on massive data processing and high-performance computing. Having a modern domestic digital infrastructure empowers these industries to maximize their competitiveness without relying heavily on foreign data infrastructure.
Malaysian Reserve
23-05-2025
- Business
- Malaysian Reserve
"CP Group," through "True IDC," Launches Thailand's First AI Hyperscale Data Center, Elevating Digital Infrastructure into the Giga Data Center Era and Advancing Thailand as the Digital Hub of ASEAN
BANGKOK, May 23, 2025 /PRNewswire/ — True Internet Data Center (True IDC), a leading data center and cloud service provider under Charoen Pokphand Group (CP), officially launched Thailand's first AI Hyperscale Data Center, reinforcing its commitment to advancing the nation's digital infrastructure to support the new economy and positioning Thailand as the digital hub of ASEAN. Mr. Suphachai Chearavanont, Chief Executive Officer of Charoen Pokphand Group, stated that the launch of this AI Hyperscale Data Center marks a significant milestone in Thailand's entry into the Giga Data Center era. Digital infrastructure not only supports technological advancement, but also serves as a key mechanism for driving the country's new economy—benefiting both businesses and citizens. It enhances Thailand's global competitiveness and readiness for the AI-driven future at both national and regional levels. Moreover, this data center investment fosters knowledge transfer for the Thai people. 'To enable everyone—individuals, companies, and industries—to access AI and cloud technology, a fundamental requirement is a robust data center. This development brings immense benefits to Thailand and its industries, and contributes to the broader region by establishing Thailand as a regional hub while fostering domestic digital research and development.' stated by Mr. Suphachai. Mr. Narit Therdsteerasukdi, Secretary General of the Board of Investment (BOI), added 'I would like to extend my congratulations to True IDC on the launch of its new data center. This is a historic moment for a Thai company to develop hyperscale digital infrastructure. This data center will play a crucial role in elevating Thailand into a digital economic hub of the region, supported by a strong digital ecosystem and enhanced attractiveness for investment in digital and technology-driven industries.' Mr. Thanasorn Jaidee, President of True IDC, shared, 'This new AI Hyperscale Data Center sets a new benchmark for Thailand's data center industry in terms of technology, engineering, and sustainability. It is designed to handle hyperscale workloads and clients with architecture tailored for the digital era—especially industries powered by data, cloud, and AI. This foundation enhances Thailand's capability to independently and securely develop advanced technologies.' This AI Hyperscale Data Center is purpose-built for AI processing and large-scale workloads, equipped with over 20 megawatts of power capacity to support high-performance and stable computing, including Graphic Processing Unit (GPU) workloads. The facility features a high-efficiency smart fan wall unit cooling system and is designed to support liquid cooling technology. It also includes high redundancy backup systems to ensure uninterrupted computing operations and continuous business services. The center is optimized for energy efficiency with Thailand's best-in-class Power Usage Effectiveness (PUE) and houses a Data Center Innovation Lab for testing and developing new solutions across various industries. This AI Hyperscale Data Center also plays a critical role in supporting the digital transformation of industries, especially Thailand's New S-Curve industries, such as electric vehicles (EV), digital health and medical services, smart agriculture, fintech and digital finance, digital content, and the creative economy. All of these sectors rely heavily on massive data processing and high-performance computing. Having a modern domestic digital infrastructure empowers these industries to maximize their competitiveness without relying heavily on foreign data infrastructure.
Yahoo
23-05-2025
- Business
- Yahoo
"CP Group," through "True IDC," Launches Thailand's First AI Hyperscale Data Center, Elevating Digital Infrastructure into the Giga Data Center Era and Advancing Thailand as the Digital Hub of ASEAN
BANGKOK, May 23, 2025 /PRNewswire/ -- True Internet Data Center (True IDC), a leading data center and cloud service provider under Charoen Pokphand Group (CP), officially launched Thailand's first AI Hyperscale Data Center, reinforcing its commitment to advancing the nation's digital infrastructure to support the new economy and positioning Thailand as the digital hub of ASEAN. Mr. Suphachai Chearavanont, Chief Executive Officer of Charoen Pokphand Group, stated that the launch of this AI Hyperscale Data Center marks a significant milestone in Thailand's entry into the Giga Data Center era. Digital infrastructure not only supports technological advancement, but also serves as a key mechanism for driving the country's new economy—benefiting both businesses and citizens. It enhances Thailand's global competitiveness and readiness for the AI-driven future at both national and regional levels. Moreover, this data center investment fosters knowledge transfer for the Thai people. "To enable everyone—individuals, companies, and industries—to access AI and cloud technology, a fundamental requirement is a robust data center. This development brings immense benefits to Thailand and its industries, and contributes to the broader region by establishing Thailand as a regional hub while fostering domestic digital research and development." stated by Mr. Suphachai. Mr. Narit Therdsteerasukdi, Secretary General of the Board of Investment (BOI), added "I would like to extend my congratulations to True IDC on the launch of its new data center. This is a historic moment for a Thai company to develop hyperscale digital infrastructure. This data center will play a crucial role in elevating Thailand into a digital economic hub of the region, supported by a strong digital ecosystem and enhanced attractiveness for investment in digital and technology-driven industries." Mr. Thanasorn Jaidee, President of True IDC, shared, "This new AI Hyperscale Data Center sets a new benchmark for Thailand's data center industry in terms of technology, engineering, and sustainability. It is designed to handle hyperscale workloads and clients with architecture tailored for the digital era—especially industries powered by data, cloud, and AI. This foundation enhances Thailand's capability to independently and securely develop advanced technologies." This AI Hyperscale Data Center is purpose-built for AI processing and large-scale workloads, equipped with over 20 megawatts of power capacity to support high-performance and stable computing, including Graphic Processing Unit (GPU) workloads. The facility features a high-efficiency smart fan wall unit cooling system and is designed to support liquid cooling technology. It also includes high redundancy backup systems to ensure uninterrupted computing operations and continuous business services. The center is optimized for energy efficiency with Thailand's best-in-class Power Usage Effectiveness (PUE) and houses a Data Center Innovation Lab for testing and developing new solutions across various industries. This AI Hyperscale Data Center also plays a critical role in supporting the digital transformation of industries, especially Thailand's New S-Curve industries, such as electric vehicles (EV), digital health and medical services, smart agriculture, fintech and digital finance, digital content, and the creative economy. All of these sectors rely heavily on massive data processing and high-performance computing. Having a modern domestic digital infrastructure empowers these industries to maximize their competitiveness without relying heavily on foreign data infrastructure. View original content to download multimedia: SOURCE True Internet Data Center Co., LTD. (True IDC)
The Star
18-05-2025
- Business
- The Star
Vietnam PM hosts leaders of seven Thai leading corporations
HANOI: Prime Minister Pham Minh Chinh hosted a reception in Hanoi on Friday (May 16) for leaders of Thailand's seven leading corporations and major enterprises investing in Vietnam, as part of the official visit to Vietnam by his Thai counterpart Paetongtarn Shinawatra. The delegation included President and CEO of Siam Cement Group (SCG) Thammasak Sethaudom, Chairman of Charoen Pokphand Group Soopakij Chearavanont, CEO of AMATA Group Somhatai Panichewa, Chairwoman of the Executive Committee and CEO of WHA Corporation Jareeporn Jarukornsakul, Chief Digital Officer and member of the founding family of Central Retail Group Ton Chirathivat, President of Kasikornbank Chongrak Rattanapian, and Chairman of Super Energy Corporation Jormsup Lochaya. The guests commended Vietnam's strategic and bold reforms in recent years, including efforts to streamline the state apparatus, institutional and administrative reforms, and a strong push for national development in the new era. They expressed confidence that Vietnam would overcome current challenges to maintain its growth trajectory. Thanking the PM and relevant Vietnamese agencies and localities for their active support, they reaffirmed their long-term commitment to doing business in Vietnam and their intentions to expand operations. They raised proposals and recommendations to accelerate projects. According to the PM, two-way trade surpassed US$20 billion last year, up 6.4% annually. Both sides are now working toward a new trade target of $25 billion, in line with a joint statement recently issued by the two governments. Thai investors have poured nearly $15 billion into 767 projects in Vietnam, making Thailand the 9th largest among 150 countries and territories investing in Vietnam. Conversely, Vietnamese firms have invested in 22 projects in Thailand, with total capital amounting to nearly $35 million. Chinh spoke highly of the efforts and long-term commitment of corporations in investing and developing business activities in Vietnam, thus actively contributing to the economic cooperation and friendship between the two countries. 2025 is the year when Vietnam accelerates, makes breakthroughs to successfully complete socio-economic development goals for the 2021-25 period, thereby creating a foundation for entering a new era – the era of the rise, wealth, civilisation, and prosperity of the nation, successfully achieving the goal of becoming an upper middle-income country by 2030 and a high-income nation by 2045. In the context of complicated developments in the world economy, the Vietnamese Government is implementing many solutions to "turn danger into opportunity", aiming for a growth rate of over 8 per cent in 2025 and double digits in the period of 2026-30. The PM asked Thai corporations and banks to continue expanding their operations and investing in areas of strength and new spheres such as the digital economy, green economy, circular economy, emerging industries, and high technology. He asked these firms, with their experience and network of partners, to continue to support Vietnam in attracting reputable Thai and foreign enterprises to learn about and implement effective investment projects in Vietnam; strengthen cooperation with Vietnamese enterprises to help improve technological capacity, engineering, management skills, develop human resources, especially high-quality human resources, and join deeply regional and global value chains. They should share experience and consultation to help the Vietnamese Government continue to perfect appropriate and effective institutions and policy mechanisms, he added. For CP Group, Thailand's largest private corporation, Chinh urged it to promote the application of high technology and digital transformation, and increase labour productivity; make the most of local raw materials; strengthen training and use of local human resources, including Vietnamese managers, to reduce costs; sign long-term contracts with raw material areas; increase deep processing of Vietnam's strong and branded agricultural products and take advantage of the market network from the free trade agreements that Vietnam signed. He also asked Kasikornbank to participate in developing international financial centres in HCM City and Da Nang, and restructuring weak credit institutions. He affirmed that, in the spirit of 'harmonious benefits and shared risks', the Vietnamese Government will always accompany and create a favourable investment environment for Thai businesses to operate successfully, contributing to the development and prosperity of the two countries. For the proposals of the Thai enterprises, PM Chinh directed ministries and sectors to urgently resolve problems facing them. He also assigned Deputy Minister of Finance Nguyen Thi Bich Ngoc as the head of the working group in charge of this matter. - Vietnam News/ANN
Yahoo
22-04-2025
- Business
- Yahoo
Itochu sells C.P. Pokphand stake to Charoen Pokphand Group
Thailand's food giant Charoen Pokphand Group is to buy the remaining shares in C.P. Pokphand to become the sole owner of the livestock, aquafeed and packaged-food group. Charoen Pokphand will acquire a 23.8% stake from Japan's Itochu Corp., its fellow shareholder, for $1.1bn. Charoen Pokphand Group and Itochu teamed up in 2014 to work together in areas including procurement and product supply. Under the terms of that deal, Charoen Pokphand Group bought a stake in Itochu and the Japanese business acquired a position in the Hong Kong-based C.P. Pokphand. Four years ago, Charoen Pokphand Group increased its stake in C.P. Pokphand to 75% and delisted the business. Since then, the Thai company has built its stake to 76.2%. It also now only has a 0.5% stake in Itochu. "Being the sole shareholder will allow CPF to have greater flexibility inmanagement and be able to carry out strategic operations more effectively," Charoen Pokphand Group said in a stock-exchange filing yesterday (21 April). C.P. Pokphand's principal markets are China and Vietnam. The company's businesses in China include poultry farming and packaged food. In 2024, Charoen Pokphand Group, which operates in 17 markets, generated revenue of Bt580.75bn, down 1% on 2023. The company pointed to lower poultry sales in China. However, the group made a net profit of Bt19.56bn, versus a loss of Bt5.21bn in 2023. Lower farming costs, improved swine prices and higher profits form joint ventures boosted Charoen Pokphand Group's bottom line, it said. "Itochu sells C.P. Pokphand stake to Charoen Pokphand Group" was originally created and published by Just Food, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
