Equinix Opens Fifth Data Center in Singapore

The American multinational company, Equinix, Inc. has announced the opening of its fifth International Business Exchange (IBX) data center in Singapore, SG5. With an initial investment of US$144 million, the purpose-built facility helps address the need for a sustainable, future-ready digital infrastructure to enhance enterprises’ digital resiliency. 

 

Jeremy Deutsch, President, Equinix Asia-Pacific said that "Businesses in the Asia-Pacific region continue to increase their demand for digital infrastructure, with Singapore being the epicenter for digital business growth in the region. We see a growing shift in the priorities of business leaders towards investing in environmental, social and governance initiatives when they consider their digital transformation plans, and Equinix is in full alignment with these goals as we put our sustainability targets into action. The expanded footprint in Singapore further brings our global target towards building the digital infrastructure of tomorrow responsibly and sustainably.”

 

Singapore’s Smart Nation initiative and digitalization efforts over the years have led local and regional businesses to realize the importance of an agile and resilient digital infrastructure to their business success. According to the latest Equinix Global Tech Trends Survey, 88% of surveyed companies in Singapore indicated that digitizing their IT infrastructure was a top priority, with 66% believing interconnection will help them navigate challenges.

 

Sustainability is becoming increasingly important for Singapore and businesses worldwide. Equinix’s Future First sustainability strategy and its 100% renewable energy goal are aligned with the country’s sustainable agenda, including the Singapore Green Plan 2030. In fact, Equinix has operated with 100% renewable energy in Singapore since 2020. Equinix is also the first in the data center industry to commit to reaching global climate-neutrality by 2030, backed by its science-based targets (SBT) and sustainability innovation agenda.

 

Joo Seng Wong, Co-founder & Chief Executive Officer, Spark Systems Pte Ltd said that “Singapore is well-placed to serve the region and this will further crystalize its position amongst top global financial hubs, like New York, London and Tokyo. With the inclusion of SG5, the time it takes for a financial trade transaction is expected to drop significantly from 360 milliseconds to 1 to 2 milliseconds. This is a quantum leap in terms of latency improvement which cannot be achieved without the infrastructure that Equinix provides. I look forward to continue working with Equinix to bring further innovations into the financial services space.”