Grand Ming’s iTech Tower 3 complex (Image: DC Byte) Amazon Web Services has agreed to buy two data centre projects in Hong Kong’s New Territories from debt-laden developer Grand Ming Group for up to HK$2.45 billion ($312 million), in a deal that would turn an existing tenant into the owner. The digital infrastructure unit of…
Goodman’s HKG10 is set to add 50 megawatts to the Hong Kong market in early 2028 (Image: Goodman) Goodman Group has raised $455 million in equity for its Hong Kong Data Centre Partnership, with most proceeds earmarked to fit out a 50-megawatt facility in Tsuen Wan. Existing and new institutional investors backed the fundraising for…
US President Donald Trump has attacked opponents of the data centres powering the artificial intelligence boom, saying superpower rival China “could not be happier” about the growing backlash. Energy-guzzling data centres have become a surprise issue in November’s crucial US midterm elections, with anger among both Democrats and Republicans over rising electricity bills and noise…
TVB City has room for a few server racks (Image: Dragages) Fund manager Gaw Capital Partners is planning to to build an AI hub in Hong Kong’s Sai Kung district through a joint venture with local broadcaster Television Broadcasts Limited (TVB), according to an announcement on Monday. The partners have signed a heads of agreement…
Anutin to court Chinese businesses Mr Anutin’s imminent trip to China represents part of the government’s broader strategy to position Thailand as a hub for advanced technologies. Prime Minister Anutin Charnvirakul is set to embark on a crucial visit to China later this week, aiming to strengthen economic ties and attract investment in Thailand’s future…
Artificial intelligence has become the central battleground of global power. Governments are now competing not just in algorithms but across four strategic assets: Compute, chips, data and talent. The result is an emerging geopolitical map often described as the “AI Cold War” with the United States, China and Europe building competing ecosystems while middle powers…
Mahdi Yahya pitched to hundreds of investors with his early AI venture. Mahdi Yahya’s fascination with data centres began as a child. His father worked in telecoms and took him to facilities where he first remembers the “smells, sounds, the noise and being extremely cold”. Yahya’s London-based firm, Ori Industries, has since proved to be…
A number of mainland-based suppliers of memory chips and storage solutions are pursuing share listings in Hong Kong, signalling a strategic change in how the sector aims to fuel its global ambitions, according to analysts. The most watched firm is Shanghai-based Montage Technology, a designer of high-speed interconnect chips for data centres, which is taking…
China mandates all state-funded data centres to use domestic AI chips, escalating its tech rivalry with the US. China Tightens Rules on Data Centres, Mandates Use of Domestic AI Chips. The Chinese government has introduced new regulations requiring all data centre projects that receive state funding to use only domestically manufactured artificial intelligence (AI) chips,…
ChatGPT-maker OpenAI has written to the US government, saying that the nation must drastically increase its investment in new energy capacity to prevent falling behind China in the global race for artificial intelligence (AI) supremacy. The startup, which has recently embarked on deals for massive, power-hungry data centres, submitted an 11-page document to the White…