Emirati billionaire to invest $20 bln in US data centers, Trump says

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Emirati billionaire to invest $20 bln in US data centers, Trump says

//stocks-investing.news-articles.net/content/202 .. invest-20-bln-in-us-data-centers-trump-says.html

Published in Stocks and Investing on Tuesday, January 7th 2025 at 19:41 GMT by Reuters
^{🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source}

Emirati billionaire Hussain Sajwani promised a $20 billion investment in the booming U.S. data center industry in the coming years, he and U.S. President-elect Donald Trump announced on Tuesday at Trump's home in Palm Beach,

Here is a summary of the content from the Reuters article:

Former U.S. President Donald Trump announced on January 7, 2025, that his company, Trump Media & Technology Group (TMTG), plans to invest $20 billion in building data centers across the United States. This investment aims to enhance the infrastructure for TMTG's social media platform, Truth Social, and other digital services. The initiative is part of Trump's broader strategy to expand his business interests in technology and media, focusing on data security and American technological sovereignty. The announcement was made during a press conference where Trump emphasized the creation of jobs and the strengthening of national security through domestic data management. The project is expected to start in 2025, with the first data centers planned for key locations in Florida, Texas, and South Dakota.

Read the Full Reuters Article at:
[ https://www.reuters.com/world/us/trump-announces-20-bln-investment-us-data-centers-2025-01-07/ ]

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