Equinix Enters Malaysia, Commits $40m to Building Data Center in Johor

Equinix (NASDAQ:EQIX), a publicly-listed digital infrastructure company, has entered Malaysian markets and plans to invest $40 million in a new 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 called JH1. The facility would be located in Johor, the country's capital, which is home to more than 2.5 million people.

According to the press release, the multi-million investment is scheduled to begin operations in 2024, supporting local companies and businesses with International Business Exchange (IBX) data center.

Equinix wants to tap the potential of Malaysia's digital economy, which is expected to be worth $34 billion by 2025. Local companies will gain the opportunity for international growth, while foreign investors will be able to develop their businesses in the local market.

"Establishing a presence in Johor strengthens Equinix's leadership position in Asia-Pacific within a strategic market such as Malaysia, one of the most requested markets in Asia-Pacific by our global customers. I would like to express our gratitude to the Digital Investment Office (DIO), Invest Johor, and Tenaga Nasional Berhad (TNB) for their assistance and support," Jeremy Deutsch, the President at Equinix for the Asia-Pacific region, commented.

"We look forward to deepening our collaboration through future expansion, maximizing local businesses' digital growth potential with rich digital experiences and outcomes."

Another Data Center After Colombian Investment

In October 2022, Equinix announced another +$40 million investment. According to the press release, the international business exchange data center will be based in Bogotá, Colombia and is planned to launch in the first half of 2023.

The investment occurred almost a year after the acquisition Acquisition Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Read this Term of data centers in Peru and Chile, aiming to deepen the company's presence in the Latin America region. Since 2011, Equinix has spent over $2 billion in LATAM.

In early November, the company published its financial results for the third quarter of 2022. Operating income and revenues reached a modest increase, but the net income of $212 million was 2% lower when compared to the previous quarter.