Alphabet’s Google said it will invest $15 billion in Malaysia during 2027 and 2028 to expand its digital infrastructure. The plans include new campuses in Selangor and Negeri Sembilan.
The investment also aims to develop local talent and support clean-energy initiatives. During construction, the projects are projected to add approximately $1.1 billion annually to Malaysia’s GDP. They are also expected to support more than 37,000 jobs per year.
The announcement comes as markets assess Alphabet’s third-quarter results. Investor concerns about slowing search revenue growth and negative free cash flow contributed to a significant decline in the company’s shares in the days after its October 28 earnings report.
The negative free cash flow was driven by substantial capital spending on artificial intelligence infrastructure. Alphabet’s free cash flow fell sharply compared with the previous year.