MANILA (ANN) – More and more multinational tech companies are setting up shop in Southeast Asia, with several tech giants expressing their intentions to strengthen their foothold in the region. With geopolitical factors at play, the move is seen by some observers as an effort to decrease dependence on China. Still, these recent developments are being welcomed in anticipation that these will also offer economic opportunities for hundreds of thousands of locals.
Here are the latest movements in the tech landscape of some of the region’s biggest economies. Singapore Singapore has upped its game in the competition for the title of Asia’s premier business destination, according to a report published by Bloomberg Intelligence. More multinational companies are choosing Singapore over Hong Kong to set up their headquarters, the Bloomberg report found.
The report said the Garden City hosted regional headquarters for 4,200 multinational firms in 2023, leading Hong Kong by a huge margin which only has 1,336. Just recently, Google has increased its investment in infrastructure in Singapore to USD5 billion (USD6.7 billion) with the completion of its fourth data centre, The Straits Times reported .
Currently, more than 500 people work in Google data centres in the country, the tech giant said, adding that these hubs power its popular digital services such as its search engine and Google Maps. Other companies that already have their headquarters in Singapore include Microsoft, FedEx, .
