Trump unveils $20 billion plan to build more US data centers

Date:
Wed, 08 Jan 2025 17:00:00 +0000

Description:
The US is set to receive at least $20 billion from DAMAC founder Hussain Sajwani to support data center infrastructure.

FULL STORY

US president-elect Donald Trump has confirmed plans to invest $20 billion
into US data center infrastructure.

Rather than coming from the government, the cash will be provided by Emirati billionaire and founder of property development company DAMAC Hussain
Sajwani, Trump revealed in a press conference at Mar-a-Lago.

The first phase of the investment is set to target Arizona, Illinois,
Indiana, Louisiana, Michigan, Ohio, Oklahoma and Texas, however Trump and Sajwani didnt rule out future investments.

US data center funding

Addressing the press on stage, Trump said the $20 billion investment would become available over a very short period of time. He also said DAMAC has indicated a willingness to double or even somewhat more than double the
amount of money as a mark of the companys confidence in the US.

No detailed timeline or further specifics have been shared yet, but we know that the data centers will primarily be designed to support AI and cloud technologies.

Trump added the investment would keep America on the cutting edge of
technology and artificial intelligence, a notable statement given the
countrys ongoing battle with China when it comes to artificial intelligence
and the powerful chips that the technology requires.

Speaking on stage, Sajwani confirmed Trumps comments that DAMAC would be prepared to invest more than $20 billion if market opportunities are satisfactory.

However, the news doesnt come without its downsides data centers are widely criticized for their high energy consumption and usage of other natural resources like water for cooling. In its last environmental report, Google noted a 48% rise in data center emissions, blaming the rapid expansion of AI for the negative impacts.

In his speech, Trump declared companies investing over $1 billion into the US would benefit from expedited environmental reviews, helping them to establish more quickly.

More broadly, hyperscalers have also committed to spending big in the
industry. In the past month, AWS has committed to spending $21 billion to support its infrastructure in two US states, with the promise of generating more jobs.

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Link to news story: https://www.techradar.com/pro/trump-unveils-usd20-billion-plan-to-build-more-u s-data-centers

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