45k user reviews & 1 million votes, over 29k web hosting brands & 85k plans since 2004!
Menu
WHTop → 📋 News → China Starts Pilot Program for Foreign-Owned Data Centers
Oct, 2024 : China Starts Pilot Program for Foreign-Owned Data Centers
📅 - China has launched a pilot program aimed at increasing foreign access todata centersandcloud computing services, a rare shift for the traditionally restricted telecom market. The Ministry of Industry and Information Technology (MIIT) selected four zones - Beijing, Shanghai, Shenzhen, and Hainan - as testing grounds. In these areas, international companies can establish wholly-owned data centers and offer online data services.
This program allows foreign-operated data centers to handle transactions and offer cloud-based solutions, aligning Chinas regulatory and infrastructure models with global standards. The initiative is anticipated to attract international investment into China's [...][... Check source for end of article ...]
Tags: Data Center
Reads: 135 | Category: General | Source: Hosting Jurnalist : Hosting Jurnalist | Author: URL source: https://hostingjournalist.com/news/china-starts-pilot-program-for-foreign-owned-data-centers Want to add a website news or press release ? Just do it, it's free! Use add web hosting news!
Other news
📅 - Connectbase Acquires NCS to Enhance Global Connectivity - Connectbase, a global marketplace for connectivity transactions, has announced the strategic acquisition of Network Capacity Solutions (NCS), a leader in data center and network inventory software. This move would mark a pivotal step inConnectbase's mission to enhance its platform, known for facilitating the buying and selling of connectivity, by integrating more robust inventory management tools.
With this acquisition, Connectbase aims to bolster its initiative to provide Location Truth - a vision for transforming the connectivity and digital infrastructure markets with unparalleled precision and accessibility. Financial details of the transaction were not disclosed.
The acquisition is [...]
📅 - Boldyn Networks Adds 1.6Tb/s Wavelengths to Network in New York, New Jersey - The integration of Ciena's WaveLogic 6 technology enables Boldyn Networks to deliver the best transport economics for high-capacity, high-growth applications. Boldyn's offering combines the industry's leading coherent technology with a simple, server-like operational model using Ciena's Waveserver platform to drive down cost per bit and reduce energy consumption.
"We're providing a solution that supports the need driven by AI to transmit massive amounts of data quickly and efficiently," saidMarc Rohleder, Chief Technology Officer of Boldyn Networks, US. "Deploying Ciena's WaveLogic 6 technology will keep our network, and our customers, ahead of the curve and prepared for future [...]
📅 - GlobalNet Launches High-Speed Fiber Link Connecting Stockholm and Berlin - GlobalNet has successfully launched a new high-speed fiber connection between Stockholm and Berlin, extending its network capabilities across key European hubs. The 1,200-kilometer DWDM fiber link would offer network latency of less than 12 milliseconds, providing rapid connectivity between the Speedbone DC in Berlin and Equinix SK1 in Stockholm.
This new connection would demonstrate GlobalNets commitment to swiftly deploying advanced infrastructure to meet client demands for reliable, low-latency solutions.
The Stockholm-Berlin link is part of a broader initiative by GlobalNet, which earlier this year completed two secured DWDM ring routes connecting key cities such as Frankfurt, [...]
📅 - DataCrunch.io Raises $13M Seed Funding to Advance AI Infrastructure - DataCrunch.io, a European AI infrastructure company, has raised $13 million in seed funding led by founder Ruben Bryon and backed by prominent angel investors, including Lasse Espeholt and Oskari Saarenmaa, alongside J12 Ventures, Nordea, and Local Tapiola. This funding supports DataCrunchs mission to become Europes primary hyperscaler for AI workloads by delivering high-performance, energy-efficient, and affordable computing resources optimized for AI applications.
This latest investment would enable DataCrunch to scale its infrastructure across Europe, leveraging renewable energy-powered data centers in Finland and Iceland to provide robust, cost-effective processing power that [...]
📅 - HMC Capital Acquires Global Switch Australia for US$ 1,29B - HMC Capital has finalized a deal to acquire Global Switch Australia for AUD $2.12 billion (US$ 1,41B), a move that would allow Global Switch to fully leverage its longstanding financial position in Global Switch Australia while supporting its future data center infrastructure expansion. The transaction, pending regulatory approval, is expected to close by late 2024 or early 2025.
This acquisition positions Global Switch to expand in Europe and Asia-Pacific, where it operates colocation data centers in key markets such as London, Paris, Frankfurt, Singapore, and Hong Kong. Global Switch will use the proceeds to strengthen its balance sheet and invest in new facilities and cooling [...]
📅 - Global IT Spending to Hit $5.74 Trillion by 2025, Driven by GenAI, Data Centers - According to Gartners latest projections, global IT spending is set to reach $5.74 trillion in 2025, up 9.3% from 2024. This surge is largely driven by investments in generative AI (GenAI) infrastructure, which is prompting considerable spending on data centers, servers, and related systems.
According to John-David Lovelock, Distinguished VP Analyst at Gartner, expenditures in server infrastructure, in particular, have surpassed previous increases in cloud and outsourced providers. The data center industry is poised for long-term development driven by AI's increasing computational needs, with server sales expected to soar from $134 billion in 2023 to over $257 billion by 2025.
📅 -