SoftBank, Grab and PETROS commit $1.85 bn to build AI infrastructure in Malaysia
SoftBank Group, Grab and Petroleum Sarawak (PETROS) signed joint development agreements to fund AI infrastructure projects in Malaysia. The partners will provide an initial $1.85 bn in seed capital, with SoftBank contributing $1 bn, Grab $750 m and PETROS $100 m. The projects will be rolled out in stages in Sarawak and Peninsular Malaysia and aim to deliver several gigawatts of AI computing capacity. SoftBank also agreed to a five‑year lock‑up on its Grab shareholding.
Why it matters
The joint venture creates a new source of high‑performance compute capacity that could attract hyperscale cloud providers and regional enterprises, potentially boosting revenue for Grab and SoftBank. The five‑year lock‑up limits SoftBank’s ability to sell its Grab stake, affecting the share’s supply dynamics.
Key facts
- 1SoftBank, Grab and PETROS will invest a total of US$1.85 billion in AI infrastructure in Malaysia. dealstreetasia.com
- 2SoftBank will contribute US$1 billion, Grab US$750 million and PETROS US$100 million as initial seed capital. businesstimes.com.sg
- 3The investment will be deployed in stages subject to key development and customer‑contract milestones. businesstimes.com.sg
- 4The projects target at least five gigawatts of AI computing capacity over the long term. ibtimes.com
- 5SoftBank has agreed in principle to a five‑year lock‑up on its Grab shares. businesstimes.com.sg
- 6Grab’s CEO Anthony Tan will oversee development of both the Sarawak and Peninsular Malaysia projects. businesstimes.com.sg
Summary written by AlphAI AI Desk from 5 of 5 sources. Not investment advice. Figures are as stated by the linked sources.