💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

Facebook to invest $1 billion in first Asian data centre in Singapore

Published 09/05/2018, 10:42 PM
© Reuters. The logo of Facebook is pictured during the Viva Tech start-up and technology summit in Paris
GOOGL
-
META
-
GOOG
-

By Fathin Ungku

SINGAPORE (Reuters) - Facebook (O:FB) said on Thursday it will invest more than $1 billion to build its first data centre in Asia in Singapore, slated to open in 2022.

Facebook's facility will be located in the west of the island, near where Google (O:GOOGL) is expanding its Singapore data centres in an $850 million investment as mobile growth, e-commerce and cloud computing demand rise across the region.

"This will be our first data centre in Asia," Thomas Furlong, Facebook's vice president of infrastructure data centres, said at a press conference with local authorities in Singapore.

He said the facility was expected to open in 2022 depending on the speed of construction.

Facebook said in a statement the 170,000 square metre facility represented an investment of more than S$1.4 billion ($1 billion) and would support hundreds of jobs.

Facebook has a number of data centres in the United States as well as Ireland and Sweden, and it is building a facility in Denmark.

© Reuters. The logo of Facebook is pictured during the Viva Tech start-up and technology summit in Paris

"The data centre isn't country specific to where users are located...it's a dynamic process," said Furlong.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.