Latest news with #GigaDataCenter
Korea Herald
23-05-2025
- Business
- Korea Herald
CP Group and Global Infrastructure Partners Establish Strategic Partnership with True IDC To Accelerate Thailand's Digital Infrastructure Growth
BANGKOK, May 16, 2025 /PRNewswire/ -- Mr. Suphachai Chearavanont, CEO of Charoen Pokphand Group (CP Group) and Chairman of True Corporation Public Company Limited, announced a strategic partnership with Global Infrastructure Partners (GIP), a part of BlackRock and True IDC, Thailand's number one data center provider. The collaboration is designed to accelerate and elevate Thailand's digital infrastructure to world-class standards, supporting the rapid growth of AI and cloud computing and helping to drive Thailand to become ASEAN's leading digital economy hub. Mr. Suphachai Chearavanont, CEO of Charoen Pokphand Group (CP Group) and Chairman of True Corporation Public Company Limited said that the transition to the Giga Data Center Age presents a critical opportunity for Thailand. Countries with strong data center infrastructure will emerge as global digital economy hubs. For this reason, CP Group, through True IDC, Thailand's No.1 data center and cloud service provider, is establishing this major strategic partnership with GIP, the world's premier infrastructure investing platform. This partnership is designed to drive the expansion of Thailand's digital infrastructure and help support the growth of global technology businesses. "GIP's global expertise in infrastructure management, combined with True IDC's strengths in data centers and cloud services, network connectivity, and renewable energy solutions, will enhance True IDC's capabilities and drive its expansion across ASEAN," said the CP Group CEO. The executive further stated that the global economy is now entering the "Giga Data Center Age", where data is the "New Oil", making it the most valuable resource that requires data centers for processing. "Data centers will be the heart of the new economy" the CP Group CEO emphasized. Mr. Bayo Ogunlesi, Founding Partner, Chairman, and CEO of GIP, and Senior Managing Director at BlackRock, expressed that "The growth of data consumption and AI requires significant amounts of private capital to fund investments to help the world's leading data center developers and operators provide this essential infrastructure to their customers," said Bayo Ogunlesi. "We are very pleased to establish this strategic partnership with CP Group and True IDC to accelerate digital infrastructure capabilities across Thailand and, more broadly, Asia in order to serve growing demand." Mr. Thanasorn Jaidee, President of True IDC, affirmed that "True IDC has always been committed to driving Thailand to become the digital hub of ASEAN. This collaboration with GIP will accelerate the realization of that goal. Currently, the hyperscale business and AI technologies are growing at an exponential rate. This partnership will strengthen True IDC's business expansion and help maintain our position as Thailand's No.1 data center leader amid intense competition. We are confident that GIP, with its expertise in managing and investing in global infrastructure, will enhance True IDC's capability to fully expand its business across ASEAN. This collaboration is therefore a key strategy to support the growing digital ecosystem and digital transformation across the region." This partnership is expected to significantly accelerate True IDC's growth. Over the next three to five years, True IDC plans to exponentially grow investment in data center business, targeting the deployment of over US$ 1billion in capital. In addition, True IDC plans to increase clean energy implementation, invest in R&D for technological and sustainability innovations in data centers, enhance operational standards and corporate governance, and broaden its service footprint across ASEAN. True IDC, CP Group and GIP are committed to strengthening Thailand and ASEAN's leadership in digital infrastructure, laying the foundation for sustainable technological growth across all sectors. The partnership between True IDC and GIP-BlackRock is not merely a business expansion; it marks a pivotal step in transforming Thailand into the digital hub of ASEAN. As the world rapidly enters the era of AI and cloud, this collaboration unites Thailand's No.1 data center leader with a global infrastructure powerhouse to drive the nation's digital economy forward and attract major technology investments from around the world. This is a defining moment for Thailand's digital industry, laying a strong foundation for the country to enhance its global presence. True IDC and GIP are committed to building a stable, sustainable, and influential future in the global digital economy—because Thailand will no longer be just a "technology user," but will rise to become a true center of innovation and digital infrastructure in the region.
Korea Herald
09-05-2025
- Business
- Korea Herald
GIP–BlackRock Discusses a Strategic Partnership with "CP–True IDC" to Strengthen Thailand's Digital Infrastructure and Build a Regional Giga Data Center Hub
BANGKOK, May 9, 2025 /PRNewswire/ -- Thailand has once again gained strong confidence from leading global investors, as a high-level delegation from Global Infrastructure Partners (GIP)—a major infrastructure investment group under BlackRock, one of the world's largest asset managers—paid an official visit to Thailand. The delegation was led by Mr. Adebayo Ogunlesi, Co-founder, Chairman, and CEO of GIP, and Senior Managing Director at BlackRock. During the visit, Mr. Ogunlesi met with Prime Minister Paetongtarn Shinawatra to discuss investment opportunities and collaboration in Thailand's digital infrastructure. Joining the discussion were Mr. Suphachai Chearavanont, CEO of Charoen Pokphand Group (CP Group), and executives from True IDC, who shared their vision and reaffirmed the Thai private sector's readiness to elevate the country as a regional hub for technology and AI. Prime Minister Paetongtarn Shinawatra warmly welcomed the delegation and expressed her commitment to facilitating private sector infrastructure investments with greater ease, speed, and transparency. The PM also affirmed the government's willingness to support collaboration between the private sector and academic institutions to develop knowledge and human capital, ultimately strengthening the foundation for Thailand's digital economy and data center industry. Mr. Suphachai Chearavanont, CEO of CP Group, stated, "Thailand holds tremendous potential to become the digital and AI hub of ASEAN. We are now entering the Giga Data Center era—facilities designed to support gigawatt-scale energy demands and handle high-intensity workloads, tailored to meet the needs of global technology companies investing in Thailand. CP Group is fully committed to working with international partners such as GIP and the Thai government to elevate the country's digital infrastructure, promote human capital development, and support research and development initiatives. These efforts can transform Thailand into a center for education and innovation, delivering long-term benefits to future generations." Mr. Adebayo Ogunlesi, Co-founder, Chairman, and CEO of GIP, and Senior Managing Director at BlackRock, remarked, "GIP operates across more than 100 countries and has deep expertise in delivering world-class infrastructure projects, including airports, ports, power systems, renewable energy, and data center networks—core systems that underpin long-term digital economic growth. We believe in Thailand's strategic importance in Southeast Asia, supported by its advantageous geography, infrastructure, energy resources, and human capital—all of which are conducive to sustainable development. GIP's investment in Thailand is not merely a business opportunity; it is a strategic partnership aimed at building a stable, secure, and sustainable digital ecosystem and laying a new foundation for the regional digital economy." A key highlight of this visit is GIP–BlackRock's plan to collaborate with local partners on a major digital infrastructure investment in Thailand valued between USD 3–5 billion (approximately THB 105–175 billion), with a primary focus on data centers. This investment will significantly enhance Thailand's capabilities in supporting advanced technology workloads such as AI, Big Data, and Cloud Services. It is expected to generate substantial employment in the engineering and technology sectors while positioning Thailand as a stronger competitor in the modern global economy. Regionally, Southeast Asia is emerging as a new growth hub for the data center market, with forecasts predicting market value to reach USD 3.81 billion from 2024 to 2029, at a compound annual growth rate (CAGR) of 6.8%, driven by edge computing, AI adoption, and broad cloud usage. Thailand's data center market alone is expected to grow at a CAGR of 7.5%–8.5% over the next three years. This marks a pivotal opportunity for Thailand to become a key technology hub with a central role in ASEAN's economic ecosystem. The visit of GIP–BlackRock to Thailand marks the beginning of a significant strategic alliance. It brings together the vision of the government, leading Thai industry players, and global investors to lay the foundation for future innovation—with Thailand leading the way toward a new regional direction in the era of digital economies driven by intelligent infrastructure.
