Ayala putting up $1 billion data center, biggest in Philippines - News Summed Up

Ayala putting up $1 billion data center, biggest in Philippines


Ayala putting up $1 billion data center, biggest in PhilippinesMANILA, Philippines — The Ayala Group and its Singaporean partner are investing at least $1 billion to build the largest data center in the Philippines as they prepare for the entry of tech giants locating here. ST Telemedia Global Data Centers (STT GDC) Philippines will spend about $1 billion to put up STT Fairview, a 124-megawatt data center in Quezon City, to support the country in its pursuit to become a hyperscale hub. STT GDC Philippines president Carlo Malana said STT Fairview would start running by 2025 with an initial capacity of 28 MW that can be scaled up depending on incoming demand. According to think tank Oxford Economics, a 20-MW data center bolsters the economy by up to $5.3 billion and creates over 28,000 jobs. With this, Uy said DICT is educating students on data center management to supply the manpower for future investors.


Source: Philippine Star May 18, 2023 23:27 UTC



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