Amazon will increase its data center operations in Ohio as part of a massive new investment in the Midwestern state by the company's cloud-computing segment.
Evercore ISI senior managing director Mark Mahaney unveils his top three technology stocks and their price targets on 'Varney & Co.'in Ohio as part of a massive new investment in the Midwestern state by the company's cloud-computing segment.
The estimated $7.8 billion investment from Amazon Web Services will go toward new data centers with "computer servers, data storage drives, networking equipment and other forms of technology infrastructure used to power cloud computing," according to a Monday press release from Ohio Gov. Mike DeWine’s office. It will do so before the start of 2030.
The newly announced move to up its Ohio data center operations will add to the $6.3 billion Amazon said itin Buckeye State in the past seven years, bringing the total to a projected $14.1 billion. FILE PHOTO: The logo for Amazon Web Services is seen at the SIBOS banking and financial conference in Toronto, Ontario, Canada October 19, 2017. REUTERS/Chris Helgren/File Photo
The governor’s office said where the upcoming data centers will be constructed will be revealed "at a later date" once Amazon chooses from the "numerous" sites in
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