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Amazon Web Services to Invest Nearly $9 Billion in Singapore
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Amazon Web Services to Invest Nearly $9 Billion in Singapore
May 7, 2024 8:40 AM

11:15 AM EDT, 05/07/2024 (MT Newswires) -- Amazon.com's ( AMZN ) Amazon Web Service unit said Tuesday it (AMZN) plans to invest 12 billion Singapore dollars ($8.87 billion) to expand its cloud computing infrastructure in Singapore over the next four years.

"AWS is doubling down on its cloud infrastructure investments in Singapore from 2024 to 2028 to support customer demand, and help reinforce Singapore's status as an attractive regional innovation launchpad," AWS Country Manager Priscilla Chong said in a statement.

The company said it has already invested SG$11.5 billion in the Asia Pacific Region and the latest commitment would bring the total to SG$23 billion by 2028.

AWS said it had also partnered with the Singapore government and other public-sector groups for a program that will accelerate artificial intelligence's use in the country.

Price: 189.10, Change: +0.40, Percent Change: +0.21

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