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Japan Firms to Buy 20% Stakes in FPT Smart Cloud Japan: Nikkei
ByAinvest
Monday, Apr 21, 2025 1:59 pm ET1min read
Japan Firms to Buy 20% Stakes in FPT Smart Cloud Japan: Nikkei
Tokyo — Trading house Sumitomo Corp. and financial services provider SBI Holdings have each agreed to purchase a 20% stake in FPT Smart Cloud Japan, a subsidiary of Vietnam's major information technology company FPT. The deal aims to support the development of artificial intelligence applications within the data center business [1].The Japanese conglomerates will acquire the shares in May 2025. FPT established the Tokyo-based subsidiary, FPT Smart Cloud Japan, in late 2024. This strategic investment marks a significant milestone in the collaboration between Japanese and Vietnamese businesses to leverage advanced technologies.
The investment by Sumitomo Corp. and SBI Holdings underscores the growing importance of data centers in the AI ecosystem. By providing a robust infrastructure, FPT Smart Cloud Japan seeks to facilitate the growth of AI applications in Japan and Vietnam.
This move is part of a broader trend of Japanese companies expanding their footprint in Southeast Asia, particularly in the tech and data center sectors. The partnership with FPT also signals a commitment to fostering innovation and technological advancement in the region.
References:
[1] https://asia.nikkei.com/Business/Business-deals/Japan-firms-to-take-stakes-in-Nvidia-powered-data-center-of-Vietnam-s-FPT
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