DayOne plans to raise US$ 5 billion in US IPO: Sources
DayOne, a Singapore-based data center operator, plans to raise up to US$5 billion in an initial public offering (IPO) in the US to be led by JPMorgan and Morgan Stanley, according to Reuters and Bloomberg, quoting sources. Bank of America and Citigroup will also participate in the planned share sale deal likely to take place […]
Anaplan launches AWS data center in Singapore
AI‑driven scenario planning and analysis specialist Anaplan today announced the launch of its new Amazon Web Services data center in Singapore, part of its US$500 million innovation roadmap to expand its global reach. This adds to the company’s other data center expansions in the Asia-Pacific region, including India, Indonesia, and Australia. The data center will support local […]
Energy firm AsiaPhos partners China Mobile to capture Southeast Asia data center business
Singapore-based energy solutions firm AsiaPhos Limited announced recently it has signed a non-binding Letter of Intent (LOI) with China Mobile International Limited to collaborate on data center and artificial intelligence (AI) computing services in Indonesia, Malaysia and Singapore. The duo plan to leverage on each other’s expertise, amongst others, China Mobile will introduce potential customers […]
Singapore to set up National AI Council to steer AI adoption
Singapore will set up a new National AI Council to oversee and harness the power of artificial intelligence (AI) in four key sectors, namely advanced manufacturing, connectivity, finance and healthcare, Singapore’s Prime Minister and Finance Minister Lawrence Wong announced yesterday when tabling Budget 2026 in Parliament. The council will be chaired by Wong himself who […]
NTT DC REIT distributes US$36.3 million amid robust DC demand
NTT DC REIT’s 9M FY25/26 update yesterday reveals a resilient and growing business, enabling it to achieve Distributable Income of US$36.3 million, on the back of strong sponsor backing, stable financial performance, robust capital management, and promising operational momentum. Robust data center growth and moderating rates helped as well, according to an analysis by Minichart […]
Nxera opens 58MW green data center in Singapore
Nxera, Singtel Group’s regional data center arm, today announced the opening of DC Tuas, its largest, and one of Singapore’s highest power-density at 58MW, as well as one of its most energy-efficient data centers with a power usage effectiveness (PUE) of 1.25 at full load. The 120,000-square- foot, eight-storey facility is also said to feature […]
KKR, Singtel buy STT GDC for US$ 5.1 billion
Global investment firm KKR and Singtel announced today they have signed definitive agreements to acquire the remaining 82 per cent in ST Telemedia Global Data Centres (STT GDC), a data centre colocation services provider, from founding shareholder ST Telemedia for S$6.6 billion (US$ 5.1 billion). This would value the company at about S$13.8 billion (US$ […]
NeutraDC, Ishikari Renewable Energy ink MOU to promote GPU-as-a-Service
Indonesia-based data center operator NeutraDC has recently signed a Memorandum of Understanding (MOU) with Japan’s data center firm Ishikari Renewable Energy to connect Indonesia, Singapore and Hokkaido Ishikari as an integrated Asian network hub, the firms said in a joint press release. The parties will collaborate in attracting data center tenants and GPU (Graphics Processing […]
KKR, Singtel, GIC, Mubadala set to acquire STT GDC in US$ 10 billion deal
Sovereign wealth funds GIC and Mubadala Investment are in talks to join KKR and Singtel in a potential deal to acquire data centre operator ST Telemedia Global Data Centres (STT GDC), according to Singapore Business Times quoting sources familiar with the matter. A potential deal, which could come as early as this week, would value […]
Micron breaks ground on US$ 24 billion wafer fab facility in Singapore
Semiconductor manufacturer Micron Technology, Inc. yesterday broke ground on an advanced wafer fabrication facility in Singapore which represented an investment of US$ 24 billion (SG $31 billion) over 10 years, the firm says in a press release. Wafer output is expected to start in the second half of 2028 amid increased global demand for NAND […]