Equinix, a Redwood, California-based digital infrastructure company, is investing an initial $260 million to establish its sixth International Business Exchange data center in Singapore.
Called SG6, the new IBX aims to support the delivery of digital infrastructure vital to the development artificial intelligence capabilities across industries in Singapore and the Asia-Pacific region, Equinix said Tuesday.
Southeast Asian Demand
The SG6 facility’s investment follows Equinix’s July announcement of its planned market entry into the Philippines via a series of local data center acquisitions.
In October, authorities disclosed the company’s $500 million, 10-year investment plan to develop data centers in Thailand to serve growing market demand there and in neighboring Cambodia, Vietnam, Myanmar and Laos, the Bangkok Post reported.
In Singapore, the digital sector grew from $43 million to $789 million between 2017 and 2022, according to U.S. government data.
Energy-Efficient Data Centers
Equinix said it will seek to contribute to the sector’s continued growth through an innovative and energy-efficient approach in its new SG6, which is expected to open in 2027. The facility’s features will include environmental and operational efficiencies supporting Singapore’s digital evolution and sustainability goals, such as the objectives under its Green Plan 2030.
Equinix demonstrated its strength in pursuing sustainability goals in 2019 when the U.S. Environmental Protection Agency conferred it the year’s Green Power Leadership Award.