Equinix to spend US$124 million on 6th Hong Kong data centre to serve Greater Bay Area
- The company plans to eventually house 3,550 cabinets in the Tsuen Wan facility, offering greater energy efficiency that may appeal to AI service operators
Equinix plans to spend US$124 million to build its sixth data centre in Hong Kong, expanding its storage capacity to cater to the growing demand in the Greater Bay Area while other international tech firms reassess their footprints in the city.
The new facility will be located in a building Tsuen Wan designed to house data centres, and Equinix plans to have it operational by the first quarter of 2026, the Redwood City, California-based company announced on Tuesday. It will be the companyâs largest investment in Hong Kong in the past decade, said Equinix Hong Kongâs managing director Joanne Hon.
The first phase of its new facility will offer 1,000 cabinets, and a total of 3,550 cabinets upon completion. The company referred to the sum it is pouring into the facility as an âinitial investmentâ, saying the full investment and buildout timeline have yet to be determined.
âContinuing to expand in Hong Kong is a demonstration that our customers are really looking for infrastructure in Hong Kong to support their digital transformation,â Equinixâs Asia-Pacific president Jeremy Deutsch told the Post on Tuesday.
The Hong Kong expansion comes âon the back of the requestsâ from network operators and financial services companies looking to scale their services, according to Deutsch. Traffic through the companyâs internet exchange service has grown 50 per cent over the last 12 months in Hong Kong, he added.