Global expansion continues as Amazon promises to reinvest €10 billion in Germany's cloud computing and logistics network
Amazon will reinvest 10 billion euros in Germany's cloud computing and logistics network. The investment plan includes building and maintaining cloud infrastructure in the Frankfurt region by 2026, as well as establishing sovereign cloud business in Germany by 2040. This move is part of Amazon's global expansion to meet the growing demand for computing. Amazon faces competition from competitors such as Microsoft, and European regulatory authorities are also pushing cloud computing companies to store data within the EU. Amazon plans to invest in projects in Spain, France, Mexico, the United States, Saudi Arabia, and Singapore
According to the financial news app Zhitong Finance, Amazon (AMZN.US), the world's largest cloud computing service and data storage provider, announced on Wednesday that as the tech giant expands its data center network globally, it will reinvest 10 billion euros (equivalent to 10.7 billion US dollars) in its cloud infrastructure and logistics network in Germany.
The company stated that the latest plan includes investing 8.8 billion euros by 2026 in the Frankfurt region to build and maintain cloud infrastructure for AWS cloud computing business. In addition to this commitment, the company also plans to invest 7.8 billion euros by 2040 to establish sovereign cloud business in Germany.
Amazon has made several similar commitments worldwide this year. Last month, Amazon announced that it will invest 15.7 billion euros in Spain and 1.2 billion euros in France by 2033 for infrastructure and computing. Furthermore, Amazon is also undertaking projects in Mexico, the United States, Saudi Arabia, and Singapore.
With the vigorous development of artificial intelligence projects, cloud service providers are competing to enhance their data processing and storage capabilities to meet greater computing demands. AWS is facing increasingly fierce competition from competitors like Microsoft (MSFT.US), which is also expanding globally.
European regulatory agencies are steadily pushing cloud computing companies to store data within the EU to address privacy and security issues. In May, Amazon announced plans to invest in building a European sovereign cloud, which will be fully controlled by personnel within the EU