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Tencent raises USD 6 bln in bond offering, pledges investment of USD 70 bln into cloud, AI, cybersecurity
2020-05-29 15:43:00| Telecompaper Headlines
(Telecompaper) The company has pledged to invest USD 70 billion into new infrastructure over the coming five years, Reuters noted, citing a statement to state media by company SVP Dowson Tong. The money will go into cloud computing, artificial intelligence and cybersecurity, and namely in blockchain, servers, big data centres, supercomputer centres, IoT operating systems, 5G networks and quantum computing.
Tags: investment
offering
usd
bond
KKR to invest USD 1 bln in European venture for hyperscale data centres
2020-05-27 10:24:00| Telecompaper Headlines
(Telecompaper) The investment firm KKR has partnered with entrepreneur Franek Sodzawiczny to launch a data centre company in Europe. The new venture Global Technical Realty (GTR) will provide build-to-suit data centres for large technology companies in Europe.
Tags: data
european
usd
invest
TSMC to put USD 12 bln into building 5 nm chip plant in Arizona
2020-05-15 09:14:00| Telecompaper Headlines
(Telecompaper) Taiwan Semiconductor Manufacturing (TSMC) has announced it is ready to put USD 12 billion into a chip factory in the US. The factory would come to Arizona, where Intel also has plants. With support from both federal and state government, construction will begin next year with production targeted for 2024. TSMC explained that it will use its 5-nanometer technology and produce 20,000 semiconductor wafer per month. The TSMC statement comes after the US government recently made it clear it wants to promote more tech self-sufficiency.
Pexip raises USD 100 mln in IPO, shares gain 41% by mid-morning on first day's trade
2020-05-14 11:45:00| Telecompaper Headlines
(Telecompaper) Norwegian video conferencing service provider Pexip said it is now listed on the Oslo Stock Exchange following the IPO that raised USD 100 million from investors in Europe and the US. Because of the Covid-19 pandemic, its IPO roadshow was all done remotely via video. CEO Odd Sverre Ostlie estimates that this approach saved over 1,700 hours or more than 70 days of travel time, and over 80 tons of carbon dioxide, roughly the amount that ten Norwegians use in an entire year.
Microsoft to open first Italian data centre region in USD 1.5 bln cloud drive
2020-05-11 08:59:00| Telecompaper Headlines
(Telecompaper) Microsoft has followed recent moves by rivals Google and Amazon Web Services by announcing a major expansion of its cloud business in Italy. The company pledged to invest USD 1.5 billion to build a Milan-based data centre region, its first in the country, with a view to providing digital skilling and smart-working programmes, SME acceleration and sustainability programmes as well as access to AI Hubs under a five-year plan dubbed "Ambizione Italia: Digital Restart". It expects the new region to generate more than 10,000 job-related opportunities and some USD 9 billion in direct and indirect business impact by the end of 2024.
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