Equinix Unveils Latest $40 Million Ambitions for HK2 Data Center

Equinix, Inc. (Nasdaq: EQIX), a widely utilized interconnection and Data Center Data Center A data center is a building or network used to house computer systems and associated components, such as telecommunications and storage systems.This generally includes redundant or backup power supplies, redundant data communications connections, environmental controls, and various security devices. Large data centers are industrial scale operations using as much electricity as a small town.Over the past decade, data center space has been growing at an incredible rate. This has increased as more A data center is a building or network used to house computer systems and associated components, such as telecommunications and storage systems.This generally includes redundant or backup power supplies, redundant data communications connections, environmental controls, and various security devices. Large data centers are industrial scale operations using as much electricity as a small town.Over the past decade, data center space has been growing at an incredible rate. This has increased as more Read this Term company across a number of global investment nexuses, has revealed plans to expand its footprint in Hong Kong, according to an Equinix statement.

The new ambitions include an investment of over $40 million to build the third phase of its second International Business Exchange (IBX) data center, tapped HK2. In addition, the latest investment round will also fortify its first data center HK1.

Equinix’s desire to bolster its capabilities in Hong Kong represent a bid to satiate a growing demand from Cloud Cloud The cloud or cloud computing helps provides data and applications that can be accessed from nearly any location in the world so long as a stable Internet connection exists. Categorized into three cloud services, cloud computing is segmented into Software as a Service (SaaS), Infrastructure as a Service (IaaS), and Platform as a Service (PaaS). In terms of trading, the versatility of the cloud service allows retail traders the ability to test out new trading strategies, backtest pre-existing conc The cloud or cloud computing helps provides data and applications that can be accessed from nearly any location in the world so long as a stable Internet connection exists. Categorized into three cloud services, cloud computing is segmented into Software as a Service (SaaS), Infrastructure as a Service (IaaS), and Platform as a Service (PaaS). In terms of trading, the versatility of the cloud service allows retail traders the ability to test out new trading strategies, backtest pre-existing conc Read this Term and content and digital media (CDM) companies opting for robust data centers and interconnection services in Hong Kong.

This is also the group’s latest attempt to increase its scope in the Asia-Pacific (APAC) region – back in March, Equinix launched its third installment of its International Business Exchange (IBX) data center, colloquially known as SG3, which is centered strategically in Singapore.

According to Alex Tam, Managing Director, Equinix Hong Kong, in a recent statement on the expansion, "With the strong momentum of cloud and content companies deploying in Hong Kong, as well as data center services demand from worldwide customers including many in China, it was a clear strategic business decision to expand our presence in Hong Kong. The investment in HK1 and HK2 further positions Hong Kong as an important regional hub, not only for financial services firms but for cloud and content companies as well."

"With our deployment in Equinix's IBX data center in Hong Kong, we've been able to connect with thousands of companies and tap into new business opportunities across various industries, ranging from enterprises to service providers. It has also enabled us to quickly and efficiently scale our services, providing telecommunication services to customers throughout Asia-Pacific and the Middle East," added Jesse Shang, Senior Vice President, China Unicom Hong Kong, in an accompanying statement.