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Nov 22, 2023
Enhanced digital capability and ecosystems to help enterprises embrace Private AI
SEOUL, Korea – November 23, 2023 — Korea is home to one the densest AI scaleup ecosystems in the world, contributing to advancements in AI deep technologies.1 To address this AI growth, Equinix, Inc. (Nasdaq: EQIX), the world's digital infrastructure company ®, today announced its second International Business Exchange® (IBX®) data center in Seoul, named SL4. Scheduled to open in Q1 2024, the new data center will provide local and international businesses in Korea with the digital capabilities they need to accelerate their AI adoption.
According to the Equinix 2023 Global Tech Trends Survey, 72% of IT leaders in Korea believe that their existing IT infrastructure is not fully prepared for the demands of AI technology. Increasingly AI hardware requires a lot of power, specialized cooling, and specialized networking. To deal with these problems, enterprises need hybrid multicloud architectures that include cloud, colocation and on-premises data centers for running AI workloads at the core and edge and progressing enormous data sets through workflows.
With the launch of Equinix SL4, enterprises in Korea will have access to a rich ecosystem of companies, cloud adjacency, global interconnected data ingestion locations, and strategic partnerships with market-leading AI infrastructure providers through Platform Equinix® and its on-demand digital services.
Chris Jang, Managing Director, Equinix Korea, said: "As AI technology continues to advance at a remarkable pace, it has become increasingly important for businesses to transform their IT infrastructure. At Equinix, we are committed to supporting our customers in Korea by providing them with interconnected digital ecosystems and robust digital infrastructure. By expanding our digital platform with SL4, businesses can efficiently connect with tech partners in ecosystems and advanced AI infrastructure."
To be housed inside its xScaleTM data center SL2x located in Goyang-si, Gyeonggi-do, Equinix SL4 will provide a capacity of 475 cabinets. Directly connected to Equinix’s first IBX data center in Seoul, SL1, through low-latency dark fiber, SL4 will enable customers to securely interconnect with a rich ecosystem of leading cloud service providers, global networks, content delivery network providers, local carriers, internet service providers (ISPs), and internet exchanges such as Korea Internet Neutral Exchange (KINX) and Sejong Telecom’s Korea Internet Exchange (KRIX).
Equinix currently operates more than 250 data centers in 70 locations, serving more than 10,000 of the world's leading companies. In the Asia-Pacific region, Equinix operates 52 data centers in major cities in Australia, China, Hong Kong, India, Japan, Korea, and Singapore. The company also announced plans to expand into Malaysia and Indonesia to support its business growth in these emerging markets.
Supporting Resources
About Equinix
Equinix (Nasdaq: EQIX) is the world’s digital infrastructure company®. Digital leaders harness Equinix’s trusted platform to bring together and interconnect foundational infrastructure at software speed. Equinix enables organizations to access all the right places, partners and possibilities to scale with agility, speed the launch of digital services, deliver world-class experiences and multiply their value, while supporting their sustainability goals.
Forward Looking Statements
This press release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially from expectations discussed in such forward-looking statements. Factors that might cause such differences include, but are not limited to, risks to our business and operating results related to the COVID-19 pandemic; the current inflationary environment; foreign currency exchange rate fluctuations; increased costs to procure power and the general volatility in the global energy market; the challenges of acquiring, operating and constructing IBX and xScale® data centers and developing, deploying and delivering Equinix products and solutions; unanticipated costs or difficulties relating to the integration of companies we have acquired or will acquire into Equinix; a failure to receive significant revenues from customers in recently built out or acquired data centers; failure to complete any financing arrangements contemplated from time to time; competition from existing and new competitors; the ability to generate sufficient cash flow or otherwise obtain funds to repay new or outstanding indebtedness; the loss or decline in business from our key customers; risks related to our taxation as a REIT and other risks described from time to time in Equinix filings with the Securities and Exchange Commission. In particular, see recent and upcoming Equinix quarterly and annual reports filed with the Securities and Exchange Commission, copies of which are available upon request from Equinix. Equinix does not assume any obligation to update the forward-looking information contained in this press release.