Tag: data center

Rosenblatt Sees 200 percent Upside in SMART Global, Coming From Data Center Demand for Specialty Memory

June 24, 2022
Business & MarketsCompaniesdata centerMeta PlatformsSpecialty Memory
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Rosenblatt analyst Kevin Cassidy expected SMART Global Holdings Inc. (SGH) to deliver a slight beat-n-raise to consensus 3QF22 and 4QF22 outlook. Cassidy maintained his Buy recommendation and $60 price target. Cassidy saw upside coming from data center demand for Specialty Memory. The demand for SGH’s Penguin Solutions AI/HPC systems has remained robust. However, supply chain constraints likely limited shipments….

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Meta Expanding Massive $1 Billion Illinois Data Center, Set to Power Everything From Facebook to Instagram Beginning Next Year

April 29, 2022
Business & EconomyBusinesses in COVID-19Companiesdata centereconomyIllinoismetaSocial MediaTechUSUS News
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By Robert Channick From Chicago Tribune Meta, the social media giant formerly known as Facebook, is expanding its massive $1 billion data center under construction in DeKalb to nearly 2.4 million square feet, putting the college town west of Chicago at the center of its metaverse. Slated to open next year, the five-building complex filled…

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Facebook to Build $800 Million Data Center in Arizona

August 13, 2021
Business & EconomyCompaniesdata centerFacebookSocial MediaTechUSUS News
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Facebook has announced plans to build an $800 million data center in Arizona, which is expected to support 100 operational jobs once complete and around 1,500 construction jobs at peak. “We are breaking ground on our newest data center in Mesa,” Facebook announced in a social media post. “This facility will be an important part…

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Tesla Establishes Data Center in China, With All Data to Be Kept in China

June 2, 2021
BusinessChinaChina Business & EconomyChina-US NewsChinese RegimeCompaniesdata centerTesla Inc
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Tesla has established a data center in China, the company said last week, and data generated by all cars sold in the country will be stored domestically. A May 25 post on the Weibo social media site said that the data center has already been built and the company plans on expanding its data network…

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PM Defends Defence’s Delayed Exit From Chinese-Owned Data Centre

February 19, 2021
Australiaaustralian department of defenceChinachina foreign investmentChinese Regimedata centerglobal switchInternationalScott MorrisonWorld
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Australian Prime Minister Scott Morrison has defended the Department of Defence’s exit from a Chinese-owned data centre. Defence made plans in 2017 to migrate all its data into a secure, government-owned facility by 2020, after the UK-based Global Switch owners sold a 49 percent stake to Chinese consortium Elegant Jubilee in Dec. 2016. However, the…

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