Daily Brief: US Gov’t could enter EU vs Apple Irish tax court war, Samsung to invest $18bn in memory chips, Vocus Group allows KKR in for due diligence evaluation
The Data Economy Daily Brief features a list of short news stories on events in and out of the data centre sphere that are relevant to those operating in this space.
Samsung to invest $18bn in memory chips
South Korean Samsung has announced it plans to invest $17.7bn until 2021 in its memory driven business arm by expanding its chip plans in Pyeongtaek and Hwaseong, and its plant in Xian, China.
Samsung said: “Our clients are having difficulty securing enough semiconductor chips due to growing global demand for high-tech gadgets.
“We plan to actively respond to those demands by making aggressive investments on our production lines at home and abroad.”
US Gov’t could enter EU vs Apple Irish tax court war
The US government has filed an application with the EU’s General Court to intervene in Apple’s appeal against the EU which ruled the Cupertino firm should pay €13bn in Irish taxes.
A source familiar with the matter told Reuters: “I can confirm the United States filed an application with the European Union General Court to intervene in the case involving the retroactive application of state aid rules to Apple.”
The case is scheduled to be heard in late 2018, according to a second source.
Vocus Group allows KKR in for due diligence evaluation
Vocus Group has received a preliminary, indicative and non-binding proposal from Kohlberg Kravis Roberts & Co. L.P. (together with its affiliates, KKR) to acquire 100% of its shares for $1.66bn.
The company’s Board said it will allow KKR to conduct due diligence on a non-exclusive basis in order to establish whether an acceptable binding transaction could be agreed.
Axtel to invest $68m in Mexico data centres
Telecommunications provider Axtel has unveiled plans to invest up to $68m in the building out of data centre facilities in Mexico.
The first round of capital expenditure has now delivered a $24.7m data centre at the Parque Tecnológico Innovación Querétaro, in north-central Mexico.
The remaining cash flow will be used to expand and build facilities over the next two years.
OVH launches Germany data centre
OVH has brought online its first data centre in Germany. Dubbed LIM1, the facility in Limburg has been opened to not only address demand for cloud infrastructure in Germany, but also across Easter Europe.
The site has a capacity for 45,000 servers and is located less than a millisecond from Frankfurt.