U.S. online retailer Amazon plans to invest $35 billion by 2040 to open several data centers (data centers) in Virginia, which will create at least 1,000 jobs, Governor Glenn Youngkin said. He said a number of locations within the state are being considered for now, with a final decision to be made later, MT Newswires reported.
Amazon is one of the largest private employers in Virginia, where the first Amazon Web Services (AWS) cloud data centers were established in 2006. In 2018, the company opened a second headquarters in Arlington, which is located in that state. AWS Director of Economic Development Roger Wener said the division has invested more than $35 billion in Virginia since 2006 and contributed nearly $7 billion to the state’s GRP. For the third quarter of 2022, AWS revenue rose 27.5% to $20.54 billion, while Amazon’s like-for-like total was up 15% to $127.1 billion.
The company’s capitalization has fallen nearly 33% in the past 12 months (to $992 billion), while the Nasdaq stock index is down just over 19%.
