Amazon’s cloud computing arm, Amazon Web Services (AWS), is in talks with the Italian government to invest billions of euros in expanding its data center operations in the country. This move is part of AWS’s strategy to enhance its cloud services in Europe, as reported by Reuters. The discussions are focusing on the scale and location of the investment, with options including expanding the existing AWS site in Milan or establishing a new one.
AWS first launched its infrastructure in Italy back in 2012 with plans to invest €2 billion ($2.2 billion) in the country by 2029. These planned investments are projected to contribute €3.7 billion to Italy’s GDP by 2029. Some of AWS’s notable customers in Italy include luxury car maker Ferrari, insurer Assicurazioni Generali SpA, and an energy supplier.
Recently, AWS also announced a significant investment of €15.7 billion ($17 billion) to expand its data centers in Aragon, Spain, until 2033, replacing a previous plan announced in 2021. In Germany, AWS has plans to invest €7.8 billion through 2040.
While AWS’s investment in Italy is expected to be substantial, it may not reach the scale of its investment plans for Spain. Overall, AWS is making significant investments in expanding its cloud infrastructure across Europe to meet the growing demand for its cloud services.
In related news, Amazon recently congratulated Ferrari Formula 1 driver Carlos Leclerc on his victory at the Monaco Grand Prix, highlighting the close relationship between Amazon’s cloud division and its customers in the automotive industry.
This expansion in Italy and other European countries reflects AWS’s commitment to strengthening its presence in the region and catering to the evolving needs of its customers. Through these investments, AWS aims to solidify its position as a leading provider of cloud services in Europe and globally.
In conclusion, Amazon’s cloud computing arm, AWS, is in talks with the Italian government to invest billions of euros in expanding its data center operations in the country. This investment is part of AWS’s strategy to enhance its cloud services in Europe and strengthen its presence in key markets such as Italy, Spain, and Germany. With a focus on expanding its infrastructure and serving a diverse range of customers, AWS is positioning itself for continued growth and success in the cloud computing industry.
Article Source
https://www.tradingview.com/news/benzinga:eca58463a094b:0-amazon-s-aws-in-talks-to-invest-billions-in-italian-data-center-expansion/