Thailand’s Board of Investment approved six projects worth a combined 958 billion baht ($29 billion), including an 842 billion baht ($25 billion) data infrastructure expansion by TikTok’s local unit. The project will add servers and expand data storage and processing facilities across Bangkok, Samut Prakan and Chachoengsao to support rising digital services demand. TikTok, owned by ByteDance Ltd. , previously announced plans to invest $8.8 billion in Thai data centers over five years. The BOI sa

Thailand’s Board of Investment approved six projects worth a combined 958 billion baht ($29 billion), including an 842 billion baht ($25 billion) data infrastructure expansion by TikTok’s local unit. The project will add servers and expand data storage and processing facilities across Bangkok, Samut Prakan and Chachoengsao to support rising digital services demand. TikTok, owned by ByteDance Ltd. , previously announced plans to invest $8.8 billion in Thai data centers over five years. The BOI said TikTok also committed to digital literacy and e-commerce training programs. Thailand last week reported first-quarter investment applications exceeded 1 trillion baht, driven by AI, digital and electronics projects. (Bangkok Post)