financetom
Business
financetom
/
Business
/
Amazon to invest $20 billion in Pennsylvania to expand cloud infrastructure
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Amazon to invest $20 billion in Pennsylvania to expand cloud infrastructure
Jun 9, 2025 8:01 AM

(Reuters) -Amazon.com said on Monday it plans to invest at least $20 billion in Pennsylvania to expand data center infrastructure, adding on to the billions of dollars the technology giant has committed to the expansion of AI technology.

The investment will create 1,250 high-skilled jobs and support thousands more in the Amazon Web Services data center supply chain, the company said.

Salem Township and Falls Township are the first communities identified as sites for future campuses, according to the company.

Amazon ( AMZN ) did not specify a timeframe for its investment.

(Reporting by Arsheeya Bajwa in Bengaluru; Editing by Anil D'Silva and Maju Samuel)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Amazon Insider Sold Shares Worth $108,682,627, According to a Recent SEC Filing
Amazon Insider Sold Shares Worth $108,682,627, According to a Recent SEC Filing
Jul 10, 2025
04:16 PM EDT, 07/10/2025 (MT Newswires) -- Jeffrey P Bezos, Director, Executive Chair, on July 08, 2025, sold 485,205 shares in Amazon ( AMZN ) for $108,682,627. Following the Form 4 filing with the SEC, Bezos has control over a total of 901,995,325 common shares of the company, with 901,995,325 shares held directly. SEC Filing: https://www.sec.gov/Archives/edgar/data/1018724/000101872425000074/xslF345X05/wk-form4_1752178322.xml ...
Frequency Electronics' Q4 revenue hits 25-year high of $20 mln
Frequency Electronics' Q4 revenue hits 25-year high of $20 mln
Jul 10, 2025
Overview * Frequency Electronics ( FEIM ) reports fiscal Q4 revenue of $20 mln, highest in 25 years * Pretax profit beats analyst's expectation, per LSEG data * Company sees medium to long-term growth potential despite short-term unpredictability Outlook * Co sees growth potential in quantum sensing market, investing in R&D for new products * Anticipates unpredictable short-term impact from...
Magnum Ice Cream Co names Jochanan Senf as Ben & Jerry's CEO
Magnum Ice Cream Co names Jochanan Senf as Ben & Jerry's CEO
Jul 10, 2025
July 10 (Reuters) - The Magnum Ice Cream Company said on Thursday it has appointed Jochanan Senf as the global chief executive officer of Ben & Jerry's ( UL ), effective mid-July. The leadership change comes as Ben & Jerry's ( UL ) is locked in a legal fight with parent Unilever ( UL ) over the removal of its...
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
Copyright 2023-2026 - www.financetom.com All Rights Reserved