The Asian Billionaires Riding The Data Center Boom
by Forbes
Nestled in the foothills of Mount Pulai in Malaysia’s southern state of Johor and surrounded by palm oil plantations, four windowless, single-story buildings emit a steady drone 24/7. This comes from powerful supercomputers simultaneously running cloud computing and artificial intelligence applications, some using NVIDIA’s most advanced GB200 chips.
Capable of processing 1.8 terabytes of information per second, these GPUs are housed in a 20-megawatt (MW) facility within a 664-hectare data center park operated by YTL Power International, the utility unit of Malaysian tycoon Francis Yeoh’s YTL conglomerate. Inside the building are three-meter tall fans blowing cold air onto rows of server racks interconnected by kilometers of cables.
Two years ago, the American chip giant announced a $4.3 billion plan to develop AI infrastructure with YTL in Johor, of which $2.4 billion has already been spent building 200MW of data center capacity. The high profile collaboration vindicated YTL’s 2021 bet on the business.
“People said we were crazy to think we could build the equivalent of Singapore’s total data center capacity in Johor,” recalls Yeoh Keong Hann, YTL Power’s executive director.
YTL’s timing was fortuitous, dovetailing with Malaysia’s ambitions to become a digital hub and Johor, blessed with plentiful land, electricity and water—key essentials for data centers—emerged as a hotspot.
“Malaysia aims to become a leading AI nation by 2030, leveraging AI to boost productivity, enhance public services and build a sustainable, inclusive and ethical digital economy,” Prime Minister Anwar Ibrahim said after a meeting with Nvidia founder and CEO Jensen Huang and YTL Power managing director Yeoh Seok Hong at the APEC Summit in South Korea last month.
The country’s aspiration to overtake neighboring Singapore in data center capacity, which analysts forecast could be achieved over the next five years, is fueled by the AI boom that, in turn, has sparked a frenzied global buildout of AI infrastructure.
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