Space News from SpaceDaily.com
Amazon to invest extra 10 bn euros in Germany
Frankfurt, Germany, June 19 (AFP) Jun 19, 2024
Amazon said Wednesday it will invest an additional 10 billion euros ($10.7 billion) in Germany, most of it in cloud computing, the US tech giant's latest major investment in Europe.

A total of 8.8 billion euros will come from Amazon's cloud computing division AWS and will be invested in southwest Germany by 2026, with the rest going into logistics, robotics and company offices.

The investment comes on top of 7.8 billion euros announced last month by AWS towards building a "sovereign cloud" centre in Germany.

The first sovereign cloud complex will be set up in the state of Brandenburg, and will be operational by the end of 2025.

The new system is to address concerns of some European countries and public agencies, which have been reluctant to resort to cloud computing for fear data would be transferred to other jurisdictions, notably the United States.

With its recently announced investments, Amazon said it was hiring thousands of new workers in Germany, taking its total number of permanent employees in the country to about 40,000 by the end of the year.

Chancellor Olaf Scholz said on X that the investments showed that Germany remained "an attractive business location".

"As the government, we are working on precisely this: strengthening our competitiveness," he said.

Germany, Europe's top economy, sees attracting new investments in high-tech fields as crucial as it struggles to emerge from a period of weakness.

The tech giant has also in recent times announced major investments to expand data centres in Spain and to develop cloud infrastructure and logistical infrastructure of its parcel delivery system in France.

A pioneer of e-commerce, Amazon's AWS also dominates cloud computing with 31 percent of the market at the end of 2023, according to Stocklytics.

But rivals Microsoft and Google are gaining ground.

sr/fec/cw

Amazon.com

X

MICROSOFT

GOOGLE


ADVERTISEMENT




Space News from SpaceDaily.com
Juice prepares for historic double flyby of Moon and Earth
NASA and Boeing finalize Starliner engine tests and proceed with analysis
NASA cans lunar rover after spending $450 million building it

24/7 Energy News Coverage
UN says world population to peak at 10.3 billion in the 2080s
Engineers Develop Cost-Effective Seafloor Testing Device for Offshore Wind Farms
Kinematics unveils advanced ST Series Actuators for solar trackers

Military Space News, Nuclear Weapons, Missile Defense
'Pay us': Transactional Trump sows Taiwan trouble
'Extremely important' US keeps backing Ukraine: NATO chief
United States opens Vanuatu embassy amid Pacific rivalry with China

24/7 News Coverage
China-based emissions of three potent climate-warming greenhouse gases spiked in past decade
Diatom surprise could rewrite the global carbon cycle
'Well-preserved' dinosaur fossil revealed by Brazilian flood


All rights reserved. Copyright Agence France-Presse. Sections of the information displayed on this page (dispatches, photographs, logos) are protected by intellectual property rights owned by Agence France-Presse. As a consequence, you may not copy, reproduce, modify, transmit, publish, display or in any way commercially exploit any of the content of this section without the prior written consent of Agence France-Presse.