Amazon To Invest Billions In Taiwan Cloud Infrastructure, Expanding AWS Presence In Asia
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 12 2024
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Source: Benzinga
- Amazon's Investment in Taiwan: Amazon plans to invest billions in Taiwan over the next 15 years to establish data centers and expand its cloud services in Asia.
- AWS Infrastructure Expansion: Amazon Web Services (AWS) intends to launch an AWS infrastructure region in Taiwan by early 2025 to provide cloud services like compute, storage, databases, analytics, machine learning, and artificial intelligence.
- Investment Trends: This investment in Taiwan follows AWS's recent plans to spend $9 billion on expanding cloud services in Singapore and $15 billion in Japan for building cloud capacity.
- Significance of the Move: Amazon's expansion in Asia aligns with the growing demand for cloud services in the tech industry and strengthens its position in the cloud computing market.
- Geopolitical Considerations: The investment in Taiwan comes amidst rising geopolitical tensions, particularly concerning the Taiwan-China conflict, posing potential risks for tech giants like Amazon.
Analyst Views on SSG
Wall Street analysts forecast SSG stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SSG is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 28.195
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Current: 28.195
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
