Brazil to begin construction on TikTok data center in six months, minister says

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Construction on a TikTok data center in Brazil will begin in six months, an official said on Friday, with the project expected to bring in some 50 billion reais ($9.11 billion) in investment.

“Six months from now, we will begin construction to host TikTok’s data center,” Mines and Energy Minister Alexandre Silveira said in a statement.

Plans for the project, which is expected to be based in the northeastern state of Ceara, were disclosed by Reuters in April, when three people familiar with the matter had said TikTok’s Chinese parent company ByteDance



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Brazil to begin construction on TikTok data center in six months, minister says



Construction on a TikTok data center in Brazil will begin in six months, an official said on Friday, with the project expected to bring in some 50 billion reais ($9.11 billion) in investment.

“Six months from now, we will begin construction to host TikTok’s data center,” Mines and Energy Minister Alexandre Silveira said in a statement.

Plans for the project, which is expected to be based in the northeastern state of Ceara, were disclosed by Reuters in April, when three people familiar with the matter had said TikTok’s Chinese parent company ByteDance



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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