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He said the NIC had agreed with the investment, trade and industry ministry (Miti) to ENHANCE the current INCENTIVES framework for AI data centres via the Malaysian Investment Development Authority (Mida).
“This includes the mechanism on the usage of energy and water-efficient equipment, as well as collaboration with the energy transition and water transformation ministry to provide sufficient renewable energy for AI data centres,” said Anwar. https://freemalaysiatoday.com/category/business/202
CGS also has a 'hold' recommendation for YTL Corp Bhd (KL:YTL), with a TP of RM3.88, and a 'hold' on its associate YTL Power International Bhd (KL:YTLPOWR) (TP: RM5.50), which has a 500MW green data centre park in Johor that will come on stream in 2024, and which has partnered NVIDIA CORP.
Plans include converting Mendip quarries into potential RESERVOIRS, a GBP1.1 BILLION project currently in development stages and awaiting final investment approval, to secure long-term water supply and environmental sustainability.
KUALA LUMPUR (July 23): YTL Cement Bhd, a unit of giant conglomerate YTL Corp Bhd (KL:YTL), is planning to buy an 81.34% stake in Singapore-listed NSL Ltd for S$227.61 million (RM792.32 million) in cash, to expand its industrialised building systems (IBS) business.
The government is set to open up the third-party access to Malaysia's electricity grid with the launch of CRESS from September, focusing on green electricity supply.
When Nvidia up no impact , so no need to worry so much about Nvidia down also no impact unless you are Jenson H who is now in the top 15 richest list ,even it is down down by 10% to 20% , all of us in forum the combined wealth is less this his fortune .. it would only have direct impact either when YTLP wants to venture into chip business , which is highly unlikely or impossible, or Nvidia buys some ownership of YTLP , which is more likely to happen ..