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Amazon Web Services to park $5 billion in South Korea data centers
Amazon Web Services will build AI data centers in multiple South Korean regions, marking the largest foreign investment with over $5 billion by 2031, supporting tech and AI growth.
- On Oct 29, Amazon Web Services pledged over $5 billion to build AI data centres in Incheon and Gyeonggi Province by 2031, Seoul said, marking South Korea's largest direct foreign investment.
- At the APEC CEO Summit in Gyeongju, Matt Garman, head of Amazon Web Services, announced the commitment during a meeting with President Lee Jae Myung, who said South Korea aims to be a top three AI powerhouse with initiatives like an AI expressway.
- AWS and six other global companies unveiled plans to invest a combined $9 billion in Korea over five years, with the seven companies submitting $660 million in near-term FDI reports, Seoul said.
- The investment is expected to accelerate growth as Renault Korea named Korea one of its five global strategic hubs and Umicore will supply batteries for 500,000 EVs annually.
- Given Korea's chipmakers, OpenAI planned joint ventures with Samsung Electronics and SK Hynix to build two data centres, a Korean-style Stargate, with an initial capacity of 20 megawatts.
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Amazon's Cloud Unit To Reportedly Invest $5 Bln In South Korean AI Data Centres
(RTTNews) - Amazon Web Services, Inc., a subsidiary of Amazon.com, Inc. (AMZN) that provides on-demand cloud computing platforms plans to invest at least $5 billion in South Korea by 2031 to build new artificial intelligence data centres, according to multiple reports citing Sout
Amazon Web Services To Invest At Least $5 Billion In South Korea's AI Sector By 2031 - Alibaba Gr Hldgs (NYSE:BABA), Amazon.com (NASDAQ:AMZN)
AWS has committed to investing a minimum of $5 billion in South Korea by 2031 to establish new artificial intelligence (AI) data centers.
·New York, United States
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Amazon subsidiary to invest $5 billion in South Korea, presidential office says
Amazon Web Services will invest at least $5 billion in South Korea by 2031 to build new artificial intelligence data centres, South Korea's presidential office said on Wednesday, leveraging Seoul's ambition to become an AI hub in Asia.
·United Kingdom
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Coverage Details
Total News Sources28
Leaning Left5Leaning Right5Center6Last UpdatedBias Distribution38% Center
Bias Distribution
- 38% of the sources are Center
38% Center
L 31%
C 38%
R 31%
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