TECH - Amazon To Invest $9B In Singapore Cloud Infrastructure Doubling Its Current Investment | Benzinga
Amazon.com Inc. (NASDAQ:AMZN) has announced a $9 billion investment in expanding its cloud computing infrastructure in Singapore. This decision comes as part of a broader trend of global tech companies increasing their presence in Southeast Asia.
What Happened: The $9 billion investment will be carried out over the next four years and will effectively double Amazon Web Services’ current investment in Singapore. The expansion aims to meet the growing demand for cloud services and accelerate the adoption of artificial intelligence, Bloomberg reported on Tuesday.
With this move, AWS joins other tech giants such as Microsoft Corp. (NASDAQ:MSFT) and Apple Inc. (NASDAQ:AAPL) in expanding their presence in Southeast Asia. These companies are diversifying their investments away from China, amidst ongoing geopolitical tensions with the U.S.
Earlier this year, AWS ...