Bullboard - Stock Discussion Forum POET Technologies Ord Shs V.PTK

Alternate Symbol(s): POET

Technology Semiconductors

POET Technologies Inc. is a design and development company. It offers high-speed optical engines, light source products and custom optical modules to the artificial intelligence (AI) systems market and to hyperscale data centers. Its photonic integration solutions are based on the POET Optical Interposer, a novel, patented platform that allows the integration of electronic and photonic devices... see more

Add To Watchlist

TSXV:PTK - Post Discussion

POET Technologies Ord Shs > CPP BOARD IN $15B JOINT VENTURE TO BUILD DATA CENTRES

View:

Post by lscfa on Oct 06, 2024 9:53pm

CPP BOARD IN $15B JOINT VENTURE TO BUILD DATA CENTRES

National Post
2 Oct 2024

Equinix Inc. formed a joint venture with Canada Pension Plan Investment Board and Singapore’s GIC Pte to develop new data centres. California-based Equinix intends to raise more than US$15 billion in capital with its partners, according to a statement Tuesday. The company said it expects the joint venture to purchase land to build new facilities that may eventually add more than 1.5 gigawatts of new capacity for hyperscale customers. Equinix is the largest real Estate Investment Trust focused on data centres, with a market capitalization of about US$84 billion. The company has previously teamed up with large investors including GIC and PGIM to develop or acquire data centres. For the new partnership, CPP and GIC will each own 37.5 per cent of the joint venture, and Equinix will own the remaining 25 per cent.