Awards of new data centre capacity signal search for fresh ideas to benefit Singapore economy: market watchers
THE Infocomm Media Development Authority (IMDA) and the Economic Development Board (EDB) have put the data centre industry on notice with their choice of operators allowed to grow capacity, market watchers said.
The picks show a focus on value and a search for fresh ideas and unique capabilities that benefit the Singapore economy, including artificial intelligence (AI).
Last Friday (Jul 14), IMDA and EDB announced that four parties would be allowed a combined 80 megawatts (MW) of new data centre capacity: data centre operators GDS and Equinix, a consortium comprising data centre specialist AirTrunk and TikTok-owner ByteDance, and software giant Microsoft.
TRENDING NOW
Qatari LNG ship struck in Strait of Hormuz, testing US talks
DBS, OCBC and UOB shares hit all-time highs as sentiment improves
‘Baptism of fire’: Andre Khor on leading Singapore refiner Aster through an energy crisis
Singapore retains top spot as most expensive city for HNWIs, with five Apac cities in global top 10