An Australian AI infrastructure company is betting Southeast Asia's data centre hunger will be worth $30 billion.
Firmus Technologies, valued at $5.5 billion and backed by Nvidia, plans to build a 360-megawatt AI campus on Batam, an Indonesian island a short distance from Singapore. The facility, branded as an Nvidia DSX AI Factory, is being co-developed with Singapore-based DayOne under an eight-year partnership. Firmus expects the project to generate $30 billion in offtake agreements over the life of the deal.
Batam's proximity to Singapore is the tell here — land and power are cheaper across the strait, but the customer base is the same dense cluster of multinationals and cloud operators that have made Singapore one of Asia's premier connectivity hubs. For Southeast Asia's broader AI build-out, a 360MW campus would be a significant addition to a region where hyperscaler investment has been accelerating but local capacity still lags demand.
The $30 billion offtake figure is marketing-grade optimism until contracts are named. Firmus is not the first company to announce enormous AI infrastructure ambitions in the region and then encounter permitting, power-grid, or financing headwinds once the press release fades.