Equinix Invests $260 Million in AI-Ready Data Center in Singapore

Equinix Fosters AI Development by Building a High Performance and Sustainable Data Center in Singapore

New facility designed to propel Singapore's economy and national sustainability goals In supporting Singapore's Green Plan 2030, Equinix, Inc., the world's digital infrastructure company®, today announced the company's sixth International Business Exchange™ (IBX®) in Singapore, to be named SG6. With an initial investment of $260 million, this new facility will be covered by renewable energy and provide liquid cooling capability to support compute-intensive workloads, including AI. SG6 will be added to Equinix's global network of interconnected data centers, facilitating low-latency, high-bandwidth connections between AI resources and data sources, enabling efficient AI workflows across different geographic locations. This capability is particularly valuable for organizations with stringent latency requirements or those seeking to leverage AI at scale across diverse infrastructures. Caption: Key industry leaders and government officials join forces to mark the beginning of a new era in digital innovation at the groundbreaking ceremony of SG6. Pictured (from left to right): Christine Wong, Assistant Chief Executive Officer, Cluster Group, JTC Corporation; Pei Sheng Goh, Vice President, Digital Industry Singapore (DISG); Adaire Fox-Martin, CEO and President of Equinix; Aileen Chia, Deputy Chief Executive (Connectivity Development & Regulation) Infocomm Media Development Authority (IMDA); George Loh, Associate Vice President (Strategic Partnership), National University of Singapore; and Yee May Leong, Managing Director of Singapore, Equinix. Singapore aims to leverage AI to drive innovation and economic growth and be one of the first in the world to launch an AI governance framework. The drive for technology leadership in the region also sees the nation making significant investments in quantum technology, blockchain, and edge computing. These technologies require substantial computing power and data processing resources, which has prompted the island-state to boost data center capacity with trusted and environmentally responsible suppliers to achieve these technology aspirations sustainably. Equinix is taking significant steps towards sustainability, including the adoption of a renewable energy power purchase agreement (PPA) in Singapore with Sembcorp Industries. Other sustainability innovations include using lower carbon building materials, energy-efficient water-cooled chiller and cooling towers, rainwater harvesting capabilities and more. Equinix will offer liquid cooling technology in SG6, which is able to transfer heat more efficiently than air, to ensure effective cooling for high-power applications. The addition of this new data center will allow Equinix to support Singaporean businesses and the nation to handle AI and other high computational needs in a more sustainable manner. As a steward of sustainability, Equinix is dedicated to driving private-public sector partnerships across Singapore and the APAC region, with the aim of paving the way for the long-term sustainability of data centers. For instance, Equinix collaborated with College of Design and Engineering at the National University of Singapore to assess various types of alternative power supplies and their reliability, cost, operating conditions and environmental impact, to help data center companies make an informed decision when implementing alternate fuel supply systems. The company also collaborated with IMDA and Dell Technologies to provide guidance and recommendations to modernize digital infrastructure deployment sustainably and to optimize the integration and utilization between hardware and software interfaces. Aileen Chia, Deputy Chief Executive (Connectivity Development & Regulation), Infocomm Media Development Authority (IMDA), said, "We welcome Equinix's addition of SG6 to its data centre (DC) investments. As we sustain the momentum of Singapore's digital economy which today contributes almost 18% to Singapore's GDP, data centres are a foundational digital infrastructure supporting our Smart Nation 2.0 efforts. Equinix's strong commitment to sustainability is aligned with our Green DC Roadmap, where we seek to accelerate DC energy efficiency and use of green energy to support the sustainable growth of Singapore's digital economy. Singapore will continue to foster collaborations across the industry ecosystem to pioneer solutions for sustainable DC growth." Pei Sheng Goh, Vice President, Digital Industry Singapore (DISG), said, "Southeast Asia's digital economy is expected to continue on its growth trajectory placing Singapore well for sectors such as finance, healthcare, and e-commerce. This presents immense opportunity for Generative AI advancement. We welcome Equinix's continued commitment to Singapore as it will strengthen our capabilities to handle AI computational needs, and enhance data connectivity for both local and regional businesses to drive economic value in the region." Yee May Leong, Managing Director, Singapore, Equinix, said, "SG6 sets a new benchmark in our approach to driving digital and AI transformation. As compute-intensive workloads continue to grow, the demand for capacity will also rise, and Equinix is equipped to support these next-generation workloads. By integrating the latest sustainability innovations, our new AI-ready data center enables businesses to establish their digital infrastructure both responsibly and sustainably. We have always been a strong proponent of Singapore's Green Plan 2030 and Smart Nation journeys, and grateful for the support from the government and our industry partners." Highlights/Key Facts Expected to open in Q1 2027, the 9-story facility is awarded as part of Singapore's pilot Data Centre - Call for Application ("DC-CFA") and will provide 20MW when fully built. Equinix data centers in Singapore have achieved 100% renewables coverage since 2020. Equinix is on track to achieve climate neutrality by 2030, with a strong focus on investing in clean and renewable energy sources throughout its worldwide operations. This initiative extends to all facilities, whether newly constructed or recently incorporated into the company's portfolio. Today, the global footprint of Platform Equinix spans 268 data centers across 73 metros and 34 countries. In Asia-Pacific, Equinix currently operates 59 data centers in 15 key metros across Australia, China*, Hong Kong, India, Japan, Korea, Malaysia and Singapore. The company also announced its market entry in Indonesia, the Philippines and Thailand.

Equinix Announces SG6 Data Center in Singapore to Drive AI Growth

Part of Singapore's DC-CFA program, contributing to the Green Plan 2030. Digital infrastructure company Equinix today announced its sixth International Business Exchange (IBX) data center in Singapore, named SG6, which will be built with an initial investment of USD 260 million. This new facility, expected to open in Q1 2027, will offer 20 MW of capacity upon completion. Equinix states that SG6 will be powered by renewable energy and will incorporate liquid cooling technology to support compute-intensive workloads, including artificial intelligence (AI) applications. Also Read: Equinix Signs Renewable Energy PPA with CleanMax to Power Mumbai Data Centers SG6 will be added to Equinix's global data center network, enabling low-latency, high-bandwidth connections between AI resources and data sources, thereby facilitating efficient AI workflows across regions. The 9-story facility was awarded as part of Singapore's pilot Data Centre - Call for Application (DC-CFA) and is designed to meet the country's growing demand for high-capacity, sustainable digital infrastructure in line with the Green Plan 2030 and Smart Nation initiatives, the company said. The data center incorporates several sustainability measures, including a renewable energy power purchase agreement (PPA) in Singapore with Sembcorp Industries. Other measures include using lower-carbon building materials, energy-efficient water-cooled chillers and cooling towers, and rainwater harvesting capabilities. Equinix will also offer liquid cooling technology in SG6, which can transfer heat more efficiently than air, ensuring effective cooling for high-power applications. This addition will enable Equinix to support Singaporean businesses and the nation in addressing AI and other high-computational needs in a more sustainable manner, the official release said. Also Read: Equinix Announces USD 15 Billion Joint Venture to Expand xScale Data Centers Equinix has also collaborated with the College of Design and Engineering at the National University of Singapore, IMDA, and Dell Technologies to advance sustainable data center practices and modernise digital infrastructure. These partnerships aim to assess solutions for integrating alternative power systems and optimising hardware-software efficiency. Yee May Leong, Managing Director, Singapore, Equinix, said, "SG6 sets a new benchmark in our approach to driving digital and AI transformation. As compute-intensive workloads continue to grow, the demand for capacity will also rise, and Equinix is equipped to support these next-generation workloads. By integrating the latest sustainability innovations, our new AI-ready data center enables businesses to establish their digital infrastructure both responsibly and sustainably." Equinix reports that its data centers in Singapore have achieved 100 percent renewable energy coverage since 2020, and the company is on track to achieve climate neutrality by 2030. This initiative extends to all facilities, whether newly constructed or recently incorporated into the company's portfolio. Also Read: Sabey Partners with SEGUENTE to Bring Direct-to-Chip Liquid Cooling to Data Centers Equinix's footprint spans 268 data centers across 73 metros and 34 countries. In the Asia-Pacific region, Equinix currently operates 59 data centers in 15 key metros across Australia, China (four data centers in Shanghai through a partnership), Hong Kong, India, Japan, Korea, Malaysia, and Singapore. The company has also announced its market entry into Indonesia, the Philippines, and Thailand.

Equinix to Help Accelerate AI Innovation in Singapore with US$260+ Million Data Center Expansion - Equinix (NASDAQ:EQIX)

REDWOOD CITY, Calif. and SINGAPORE, Nov. 19, 2024 /PRNewswire/ -- Today Equinix, Inc. EQIX announced plans for its latest data center in Singapore, aimed at enabling global businesses to leverage next generation workloads, like AI, in one of the region's fastest-growing digital economies. With an initial investment of US$260M, the new facility-named SG6-will be Equinix's sixth International Business Exchange™ (IBX®) data center in Singapore. This new high performance data center will feature a world-class, sustainability-driven design built to efficiently handle compute intensive workloads like AI, supported by capabilities such as advanced liquid cooling. SG6 will help deliver the critical digital infrastructure needed to enable AI capabilities across industries and in the region. Singapore, one of the region's leading technology hubs, is making both significant investments in advanced technologies like quantum computing while pioneering efforts to establish an AI governance framework. Data from the U.S. Department of Commerce highlights the remarkable growth of the digital sector in Singapore's economy, increasing from S$58 billion to S$106 billion between 2017 and 2022. However, to enable businesses to fully leverage these technologies which demand substantial computing power and data processing resources, an innovative and energy-efficient approach to digital infrastructure is essential. The new facility follows Equinix's previously announced planned market entry into the Philippines in July and Thailand in October. SG6 will feature both environmental and operational efficiencies, enabling customers and the country to achieve goals related to their digital evolution while supporting sustainability commitments, including those associated with the Green Plan 2030, a comprehensive national strategy in Singapore to achieve sustainable development, reduce carbon emissions, and enhance environmental resilience by 2030. Expected to open in Q1 2027, the 9-story facility was awarded as part of Singapore's pilot Data Centre - Call for Application ("DC-CFA") and will provide 20MW when fully built. With an initial investment of US$260 million, SG6 will integrate into Equinix's global network of 268 interconnected data centers (59 in Asia-Pacific) across 73 metros and 34 countries, delivering customers capacity, global reach, and seamless integration with additional interconnection and colocation services. "Singapore is the region's hub for innovation, making it a global magnet for multinational companies and pioneering businesses, and a key market for Equinix," said Yee May Leong, Managing Director, Singapore, Equinix. "We expect that with the large demand for compute-intensive workloads, like AI, the demand for data center capacity will continue to rise, and Equinix is well equipped to support these next-generation workloads. By integrating the latest sustainability innovations, our new AI-ready data center can enable businesses to leverage next generation workloads responsibly and more sustainably." Equinix data centers in Singapore have achieved 100% renewables coverage since 2020. SG6 is expected to further incorporate key sustainability and efficiency efforts with features including: advanced liquid cooling technology, which allows the transfer of heat more efficiently than air, and often necessary for high-density hardware, like GPUsrenewable power purchase agreement (PPA) in Singapore with Sembcorp Industries, which supports the addition of new renewable energy capacity to the local electric gridlower carbon building materialsenergy-efficient water-cooled chiller and cooling towersrainwater harvesting capabilities Additional Resources: Equinix Supports Singapore's Green Plan by Entering a Renewable Energy PPA with Sembcorp [press release]Equinix to Extend its Digital Infrastructure Platform to the Philippines with Acquisition of Three Data Centers [press release]Equinix Releases Annual Sustainability Report, Highlighting Advancements in Environmental, Social and Governance (ESG) Goals [press release]Exploring Liquid Cooling for Next-Gen Business Applications [blog]Singapore Elevates Sustainable Digital Infrastructure Beyond Data Centers [press release] About Equinix Equinix EQIX is the world's digital infrastructure company®. Digital leaders harness Equinix's trusted platform to bring together and interconnect foundational infrastructure at software speed. Equinix enables organizations to access all the right places, partners and possibilities to scale with agility, speed the launch of digital services, deliver world-class experiences and multiply their value, while supporting their sustainability goals. This press release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially from expectations discussed in such forward-looking statements. Factors that might cause such differences include, but are not limited to, risks to our business and operating results related to the current inflationary environment; foreign currency exchange rate fluctuations; increased costs to procure power and the general volatility in the global energy market; the challenges of acquiring, operating and constructing IBX® and xScale® data centers and developing, deploying and delivering Equinix products and solutions; unanticipated costs or difficulties relating to the integration of companies we have acquired or will acquire into Equinix; a failure to receive significant revenues from customers in recently built out or acquired data centers; failure to complete any financing arrangements contemplated from time to time; competition from existing and new competitors; the ability to generate sufficient cash flow or otherwise obtain funds to repay new or outstanding indebtedness; the loss or decline in business from our key customers; risks related to our taxation as a REIT and other risks described from time to time in Equinix filings with the Securities and Exchange Commission. In particular, see recent and upcoming Equinix quarterly and annual reports filed with the Securities and Exchange Commission, copies of which are available upon request from Equinix. Equinix does not assume any obligation to update the forward-looking information contained in this press release. View original content to download multimedia:https://www.prnewswire.com/news-releases/equinix-to-help-accelerate-ai-innovation-in-singapore-with-us260-million-data-center-expansion-302309285.html SOURCE Equinix, Inc. Market News and Data brought to you by Benzinga APIs