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Amazon will boost its data center operations in Ohio as part of a massive new investment in the Midwestern state by the company’s cloud-computing segment.
The estimated $7.8 billion investment from Amazon Web Services will go toward new data centers with “computer servers, data storage drives, networking equipment and other forms of technology infrastructure used to power cloud computing,” according to a Monday press release from Ohio Gov. Mike DeWine’s office. It will do so before the start of 2030.
The newly announced move to up its Ohio data center operations will add to the $6.3 billion Amazon said it has previously invested in Buckeye State in the past seven years, bringing the total to a projected $14.1 billion.
FILE PHOTO: The logo for Amazon Web Services (AWS) is seen at the SIBOS banking and financial conference in Toronto, Ontario, Canada October 19, 2017. REUTERS/Chris Helgren/File Photo (Reuters / Reuters Photos)
The governor’s office said where the upcoming data centers will be constructed will be revealed “at a later date” once Amazon chooses from the “numerous” sites in central Ohio it has been considering. Franklin and Licking counties are home to existing Amazon data center campuses, according to the governor’s office and the company.
“This enormous capital investment further solidifies Ohio as the tech center of the Midwest and positions us for a bright future as cloud computing and artificial intelligence are more integrated into the economy and our everyday lives,” Jon Husted, Ohio’s lieutenant governor, said in the release.
FILE PHOTO: An Amazon logo is pictured at a logistics centre in Mannheim, Germany, September 17, 2019. (REUTERS/Ralph Orlowski/File Photo / Reuters)
Ohio will see 230 direct jobs arise in connection to the $7.8 billion investment, per JobsOhio CEO JP Nauseef. On top of those new positions, he estimated it would also bring some 1,000 support roles to the state.
AWS’s workforce in Ohio last year included nearly 1,000 direct employees, according to the governor’s office. In April, as Amazon reported its first-quarter earnings, it said over 1.465 million people worked either full-time or part-time for the company across the globe.
For the quarter, the company said its net sales came in at $122.58 billion total, roughly $21.35 billion of which came from AWS. Net income was $3.72 billion.
The logo of the U.S. online retail giant Amazon is seen at the distribution center in Staten Island as workers strike in demand that the facility be shut down and cleaned after one staffer tested positive for the coronavirus on March 30, 2020, in New ((Photo by ANGELA WEISS/AFP via Getty Images) / Getty Images)
Amazon CFO Brian Olsavsky noted during the earnings call that AWS customers “continue to evaluate ways to optimize their cloud spending in response to these tough economic conditions in the first quarter.” He also said the company was “continuing to invest in infrastructure to support AWS customer needs, including investments to support large language models and generative AI.”
AWS saw $80.1 billion in net sales in 2022, marking a nearly 29% increase from the prior year.
TORONTO – Canada’s main stock index was up more than 100 points in late-morning trading, helped by strength in base metal and utility stocks, while U.S. stock markets were mixed.
The S&P/TSX composite index was up 103.40 points at 24,542.48.
In New York, the Dow Jones industrial average was up 192.31 points at 42,932.73. The S&P 500 index was up 7.14 points at 5,822.40, while the Nasdaq composite was down 9.03 points at 18,306.56.
The Canadian dollar traded for 72.61 cents US compared with 72.44 cents US on Tuesday.
The November crude oil contract was down 71 cents at US$69.87 per barrel and the November natural gas contract was down eight cents at US$2.42 per mmBTU.
The December gold contract was up US$7.20 at US$2,686.10 an ounce and the December copper contract was up a penny at US$4.35 a pound.
This report by The Canadian Press was first published Oct. 16, 2024.
TORONTO – Canada’s main stock index was up more than 200 points in late-morning trading, while U.S. stock markets were also headed higher.
The S&P/TSX composite index was up 205.86 points at 24,508.12.
In New York, the Dow Jones industrial average was up 336.62 points at 42,790.74. The S&P 500 index was up 34.19 points at 5,814.24, while the Nasdaq composite was up 60.27 points at 18.342.32.
The Canadian dollar traded for 72.61 cents US compared with 72.71 cents US on Thursday.
The November crude oil contract was down 15 cents at US$75.70 per barrel and the November natural gas contract was down two cents at US$2.65 per mmBTU.
The December gold contract was down US$29.60 at US$2,668.90 an ounce and the December copper contract was up four cents at US$4.47 a pound.
This report by The Canadian Press was first published Oct. 11, 2024.
TORONTO – Canada’s main stock index was little changed in late-morning trading as the financial sector fell, but energy and base metal stocks moved higher.
The S&P/TSX composite index was up 0.05 of a point at 24,224.95.
In New York, the Dow Jones industrial average was down 94.31 points at 42,417.69. The S&P 500 index was down 10.91 points at 5,781.13, while the Nasdaq composite was down 29.59 points at 18,262.03.
The Canadian dollar traded for 72.71 cents US compared with 73.05 cents US on Wednesday.
The November crude oil contract was up US$1.69 at US$74.93 per barrel and the November natural gas contract was up a penny at US$2.67 per mmBTU.
The December gold contract was up US$14.70 at US$2,640.70 an ounce and the December copper contract was up two cents at US$4.42 a pound.
This report by The Canadian Press was first published Oct. 10, 2024.
