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Amazon's AWS In Talks To Invest Billions In Italian Data Center Expansion

Published 27/05/2024, 18:18
© Reuters.  Amazon\'s AWS In Talks To Invest Billions In Italian Data Center Expansion
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Benzinga - by Piero Cingari, Benzinga Staff Writer.

Amazon.com Inc.‘s (NASDAQ:AMZN) cloud computing arm, Amazon Web Services (AWS), is negotiating with the Italian government to invest billions of euros to expand its data center operations in the country.

This initiative is part of the tech giant’s strategy to enhance its cloud services across Europe, as reported by Reuters on Monday.

Discussions are ongoing regarding the scale and location of the investment, with options including expanding AWS’s current site in Milan or establishing a new one.

AWS Presence In Europe AWS initially launched its infrastructure in Italy in 2012, and the company had planned to invest 2 billion euros ($2.2 billion) in the country by 2029.

The planned investments by AWS are expected to contribute 3.7 billion euros to Italy’s GDP by 2029. AWS's client roster in Italy includes notable names such as luxury carmaker Ferrari N.V. (NYSE:RACE), insurer Assicurazioni Generali SpA (OTCPK: ARZGF) and energy provider Enel.

On Sunday, Amazon’s cloud division recently congratulated Ferrari’s Formula 1 driver Charles Leclerc on social media platform X, following his victory at the Monaco Grand Prix.

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