Equinix, the world's digital infrastructure company, today announced the signing of an agreement to form a $525 million joint venture in the form of a limited-liability partnership with GIC, Singapore’s sovereign wealth fund, to develop and operate two xScale data centers in Seoul, Korea. This new joint venture will bring the global xScale data center portfolio to more than $8 billion across 36 facilities, and an expected greater than 720 megawatts of power capacity when completed and fully constructed.
"More and more organizations are embracing a digital-first strategy to scale their operations, enhance the experiences of their customers, and unlock the value of technologies like 5G, IoT, artificial intelligence and machine learning,” said Charles Meyers, president and CEO at Equinix. “Korea and the broader Asia-Pacific market are both enablers and beneficiaries as organizations prioritize digital transformation. To address demand for cloud and digital infrastr
