Amazon’s AWS to invest $35 bln in Virginia

WASHINGTON (Reuters) – Inc’s (AMZN.O) cloud services unit plans to invest another $35 billion by 2040 to expand its data centers in Virginia, it said on Thursday. Announced.

Amazon Web Services (AWS) said the new investment will create 1,000 jobs. Virginia Republican Governor Glenn Youngkin said AWS will establish multiple data center campuses throughout Virginia.

In 2021, AWS announced that it will invest $35 billion in data centers in Northern Virginia from 2011 to 2020, with 3,500 full-time employees in data centers throughout the state.

Pending legislative approval, Virginia is developing a new “Mega Data Center Incentive Program.” This allows the company to extend its data center sales and use tax exemption for equipment and software for up to 15 years.

AWS is also eligible for state grants of up to $140 million “for site and infrastructure improvements, workforce development, and other project-related expenses.”

Amazon shares closed 3.8% higher on Friday.

After a lengthy contest, in 2018 Amazon announced a second headquarters in Northern Virginia called HQ2, which would eventually employ more than 25,000 people. As of April, Amazon said it had about 5,000 employees assigned to the site.

Yonqin is the owner of Ford Motor Company (FN)’s new battery plant, which will be built jointly with China’s Contemporary Amperex Technology (CATL) (300750.SZ), the world’s largest battery producer. has faced some criticism for withdrawing from competition.

“I’m looking forward to bringing a great company out there, not one that would benefit from a Trojan horse relationship with the Chinese Communist Party,” Jonkin told Bloomberg News on Friday. told the news.

A Yonkin spokesperson said, “Ford is an iconic American company, but it has become clear that this proposal will serve as a front for the Chinese Communist Party.”

Ford declined to comment on Youngkin’s decision to pull out.

In July, Ford announced plans to localize 40GWh of battery capacity in North America from 2026. It also announced that CATL will provide battery packs for Mustang Mach-E models for the North American market starting in 2023 and will discuss cooperation on batteries for Ford vehicles. In the world.

“Negotiations with CATL are continuing and we have no new announcements on either side,” Ford said.

Michigan is also a potential location for Ford’s battery plant, with a decision likely to be made in the coming weeks, sources said.

Reported by David Shepardson and Akash Sriram of Bangalore. Edited by Aurora Ellis and Himani Sarkar

Our standards: Thomson Reuters Trust Principles.

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