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Oracle to invest $6.5 billion to set up cloud facilities in Malaysia

Economic TimesEconomic Times · 27d
Oracle to invest $6.5 billion to set up cloud facilities in Malaysia

- Oracle plans to invest over $6.5 billion in setting up its first public cloud region in Malaysia. - Malaysia has seen significant investments from tech giants like Microsoft, Nvidia, Google, and ByteDance, primarily in cloud services and data centers. - The public cloud region will enable Malaysian organizations to modernize their applications, migrate workloads to the cloud, and leverage data analytics and AI. - The investment will allow Oracle's Malaysian customers, including government agencies and financial institutions, to use cloud services based within the country. - This would be Oracle's third public cloud region in Southeast Asia, expanding its presence in the region. - Oracle expects to cross $100 billion in revenue by fiscal year 2029, indicating the rising demand for its cloud services.

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