English | 简体中文 | 繁體中文 | 한국어 | 日本語
Monday, 4 March 2024, 15:27 JST
Share:
    

Source: Mitsubishi Corporation
Mitsubishi Corporation Expands its Data Center Presence with Entry into US

TOKYO, Mar 4, 2024 - (JCN Newswire) - Mitsubishi Corporation (MC) is pleased to announce its acquisition of a majority interest in two fully leased data centers developments in Dallas, Texas. The decision to invest in these assets, which are anticipated to have a combined cost of approximately $800 million upon completion and represent MC's first overseas venture into data-center (DC) business, was fueled by the expertise in the DC industry that MC has built up in Japan, as well as its track record in US real-estate and urban-development projects. 

MC made a commitment to Japan's DC industry in 2017 when we partnered with the largest DC-focused REIT in the US, Digital Realty Trust Inc. (Digital Realty), to establish the joint-venture company MC Digital Realty. Combining MC's experience in real-estate, urban-development and DC management with Digital Realty's overseas customer network and know-how in large-scale DC operations, MC Digital Realty has realized tremendous growth since its inception, significantly outpacing that of the market. In addition to providing companies engaged in generative artificial intelligence (AI) with cutting-edge DC services that can accommodate the processing capabilities of the very latest AI semiconductors, MC Digital Realty has partially decarbonized its power sources and taken some pioneering steps in this industry. 

The US is the world's largest DC market. Rapid transitions to digital and data-driven societies, coupled with a proliferation of generative AI technologies and services, have helped boost the year-on-year growth rates of the country's major markets to approximately 20%[1]. These and other recent developments have enhanced the mega-market potential of the US and fueled expectations for even more growth in the coming years. Driving this growth are cloud service providers, large financial institutions, and other entities that are keen to decarbonize, and switching to eco-friendlier data centers is helping them to achieve that aim. In fact, the US is one of the world’s most advanced DC market in terms of green power supply and energy conservation. 

Both of the data centers that MC has acquired are located in Texas, a state leading much of the economic growth that is currently taking place in the US. Furthermore, MC has a strong business history in the state, having engaged in real-estate projects there for more than three decades through our Dallas office. We look forward to leveraging that network and expertise to help strengthen and grow our DC business throughout the US. 

Data centers and other digital infrastructure support the growth of new technologies that promise to revolutionize our daily lives and businesses. By building expansive DC operations in the US and using the experience and expertise gained from them to establish similar operations in Japan and other regions, MC is aiming to grow our DC business both domestically and internationally, focusing on peripheral advanced fields such as generative AI, semiconductors, and communication technologies, while taking into account their ripple effects. We shall continue exploring ways to leverage green energy and energy-conservation work to accelerate the supply of sustainable computing resources, thereby contributing to society's ongoing growth and development. 

[1] CBRE “North America Data Center Trends H1 2023”
North America Data Center Trends H1 2023 | CBRE

Inquiry Recipient
Mitsubishi Corporation
Telephone:+81-3-3210-2171



Topic: Press release summary
Source: Mitsubishi Corporation

Sectors: Cloud & Enterprise
https://www.acnnewswire.com
From the Asia Corporate News Network


Copyright © 2024 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.

 
Mitsubishi Corporation Links

http://www.mitsubishicorp.com

https://www.linkedin.com/company/mitsubishi-corporation/

Mitsubishi Corporation Related News
2024年4月16日 14時00分 JST
三菱商事、米国ルイジアナ州におけるDACプロジェクトへの参画について
Tuesday, 16 April 2024, 14:36 JST
Mitsubishi Corporation Announces Participation in a DAC Project in Louisiana, USA
Thursday, 11 April 2024, 13:07 JST
Mitsubishi Corporation Announces Completion of Capital Raise by Nexamp
Wednesday, 3 April 2024, 19:05 JST
Mitsubishi Corporation: Sale of BMA Coal Assets in Queensland Completed
Monday, 1 April 2024, 16:17 JST
Fujitsu signs MoU with Mitsubishi UFJ Financial Group, Inc. to drive nature positive actions
More news >>
Copyright © 2024 ACN Newswire - Asia Corporate News Network
Home | About us | Services | Partners | Events | Login | Contact us | Cookies Policy | Privacy Policy | Disclaimer | Terms of Use | RSS
US: +1 214 890 4418 | China: +86 181 2376 3721 | Hong Kong: +852 8192 4922 | Singapore: +65 6549 7068 | Tokyo: +81 3 6859 8575