Singapore state-owned investment firm Temasek Holdings is set to significantly increase its US footprint, pledging a $30 billion investment over the next five years. The firm’s strategy will prioritize AI-related companies, semiconductor manufacturers, and infrastructure players, including data centers and their supporting technologies.
This strategic shift comes as Temasek becomes increasingly cautious about investing in China amid escalating geopolitical tensions. The Americas has already surpassed China as the largest recipient of Temasek’s capital this year, accounting for 22% of its portfolio.
Jane Atherton, Temasek’s head of North America, emphasized the company’s focus on sectors driving technological advancements and economic growth. She said that the US is at the forefront of AI development, and they see immense potential in this space. Additionally, semiconductors are the backbone of modern technology, and data centers are critical infrastructure for the digital economy.
Temasek’s existing real estate subsidiaries, Mapletree Investments and CapitaLand Group, will also play a role in expanding the firm’s data center portfolio. Atherton noted that the company is open to partnering with private equity firms to capitalize on investment opportunities in this growing sector.
As the US and China vie for dominance in the semiconductor industry, Temasek’s decision to concentrate its investments in the US underscores the strategic importance of these technologies. By focusing on AI, semiconductors, and infrastructure, Temasek aims to position itself at the forefront of the global technological revolution.
